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Economy

India economy on verge of slow recovery as worst is over, says industry body

Updated : October 25, 2020 11:59 AM IST

The PHDCCI drew the conclusions based on its analysis of 25 high-frequency economic indicators which point out that there has been a pickup in business normalization.
The unemployment rate still remains a worry as it worsened to 8.3 percent in August from 7.4 percent in July.
PHDCCI expects India's GDP to contract by 7.9 percent in the current financial year and grow by 7.7 percent in 2021-22.
India economy on verge of slow recovery as worst is over, says industry body

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