India's economy is growing at a record pace but still digging out from one of the deepest recessions to hit any major economy during the pandemic
NEW DELHI—India’s economy is growing at a record pace but still digging out from one of the deepest recessions to hit any major economy during the pandemic.
The country’s gross domestic product grew 20.1% in the three months ended June, a period when India suffered through one of the world’s worst Covid-19 surges of the pandemic. The double-digit growth reflects a comparison with aIndia was the first nation to be hit by a major, slowing a recovery that began in late 2020. The country’s economic activity remains well below pre-pandemic levels.
The economic damage from the spring surge was limited because the country didn’t impose a nationwide lockdown like the one that caused the severe contraction the previous year, economists say.
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