GDP growth of India stood at 0.4% in the third quarter (October-December) of the current financial year. Economic growth in the October–December quarter was in positive points after two consecutive quarterly contractions during the peak months of coronavirus pandemic. According to the National Statistical Office (NSO) data, GDP growth in the third quarter of FY 2019-20 stood at 3.3%. The NSO has projected a contraction of 8% in GDP growth rate in FY 2020-21. As per the data of the Ministry of Statistics and Programme Implementation, the country’s GDP growth rate was -24.4%, -7.3% and 0.4% respectively in the first, second and third quarters of the current financial year.
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