Economy out of recession, grows 0.4% in Q3

Growth returned to the economy in the October-December quarter of 2020-21 helping it to move out of the recession that had gripped following one of the strictest Coviv-19 lockdowns imposed last year. The contraction in the June quarter was 24.4% while in the September quarter it was 7.3%. An economy is said to be in recession after posting two consecutive quarters of contraction.

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