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India’s economy grows 8.4%y/y in July-Sept quarter

by Mike Robinson

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© Reuters. FILEPHOTO: Traffic moves by a labourer as he sleeps on bags in an old Delhi market. This was January 7, 2020. REUTERS/Anushree Fadnavis

NEW DELHI, (Reuters) – India’s economy grew 8.4% in the quarter ended July-Sept. Official data released Tuesday.

After a record 20.1% quarter, the Sept quarter read-out was within 8.4% of analysts’ forecasts.

According to updated figures, the economy contracted 7.4% during the same quarter one year ago, as the economy was struggling with pandemic restrictions.

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