India’s GDP contracted 7.5 per cent in 2nd quarter from July to September, a rebound from earlier quarter when GDP contracted by 23.9 per cent. Chief Economic Adviser (CEA) KV Subramanian said GDP estimates are more encouraging than anticipated. <br />“The GDP estimates are more encouraging than what was anticipated by most commentators. Uncertainty in the economic outlook is due to the COVID-19 pandemic and therefore I would urge caution especially given winter months,” Subramanian said.
