India's GDP = Gross Domestic Product growth rate from July to September increased by 8.4% compared to the same period of the previous year, showing positive growth for the fourth consecutive quarter, before the spread of the new coronavirus. It has recovered to almost the same level.
The Indian government announced on the 30th that the growth rate of GDP from July to September was + 8.4% compared to the same period of the previous year.
In addition to the recovery of personal consumption, which accounts for half of GDP, the recovery trend continues in a wide range of fields such as the construction industry, manufacturing industry, and service industry including tourism, which had been significantly depressed due to the spread of the new coronavirus infection.
This is the fourth consecutive quarter of positive growth, and it has recovered to almost the same level as before the spread of the infection.
The number of newly infected people in India exceeded 400,000 per day in May, but it has been declining recently, with some days falling below 10,000, and the central bank of India. Is expected to continue to grow in the manufacturing and service industries, and forecasts a GDP growth rate of 9.5% this year.