India's GDP growth rate from October to December last year increased by 0.4% compared to the same period of the previous year, and restrictions on economic activities due to the spread of the new coronavirus infection were relaxed. Against this background, it turned positive for the first time in three quarters.
The Indian government announced on the 26th that the growth rate of GDP for the three months from October to December last year was + 0.4% compared to the same period of the previous year.
In India, as a countermeasure against the infection of the new coronavirus, strict restrictions on going out have been implemented since March last year and economic activities have almost stopped, so GDP from April to June fell to the worst level ever at minus 24.4%. ..
Since June, we have taken the lead in prioritizing economic recovery, and this time we have turned positive growth for the first time in three quarters.
India has the second highest number of people infected with the new coronavirus in the world, exceeding 11 million, but recently the number of new infected people has been declining, and economic activity is active except in some areas. It is almost normal.
The Indian government predicts that the economic growth rate for the year to next month will be -8% at the latest, and the challenge is to continue to control the infection and rebuild the economy.