How real is the recovery

How real is the recovery

India Today

Although it was expected that the GDP growth numbers for the second quarter of this fiscal year would read far better than the dismal -23.9 per cent seen in the first quarter, the actual numbers came in as a surprise to many. At -7.5 per cent, the economy is still in negative growth territory compared to a year ago, but the recovery from the depths to which it had plunged in Q1 is sharper than many analysts had expected, suggesting that the recovery may be taking place faster than expected. This is largely thanks to growth in the agriculture and electricity sectors and a rebound in manufacturing.

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