Indian Economy Review by Mr AK Bhattacharya, Editorial Director, Business Standard | June 2021

HIGHLIGHTS •  Indian economy’s contraction in 2020-21 revised down•  April-June 2020 saw India’s worst decline in economic output•  Agriculture bucked the overall decline in many sectors•  Construction led the recovery from third quarter •  Services remained in contraction mode for the whole of 2020-21•  Growth forecast for 2021-22 lowered by World Bank, RBI   •  Sharp variations in Govt’s tax revenue estimates•  Actual tax revenues […]

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