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    Mixed macros for India, May core sector output contracts 23.4%

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    Mixed macros for India, May core sector output contracts 23.4%

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    For the fourth quarter of FY20, India registered a current account surplus of 0.1 percent of GDP. CNBC-TV18’s Latha Venkatesh explains the macro readings.

    It being June 30 and thus the end of the first quarter, the government released a plethora of data on the economy. While core sector output for May contracted 23.4 percent, on the external front data was positive.
    For the fourth quarter of FY20, India registered a current account surplus of 0.1 percent of GDP. CNBC-TV18’s Latha Venkatesh explains the macro readings.
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