News Snapshot:
India’s economic growth slowed to 6.5 per cent during the July-September quarter because of a fading low-base effect. For the full year, we now expect the economy to grow at 7 per cent, with risks tilted to the downside. This implies that the second half of the year (October-March) will see growth slow down to 4.6 per cent, again largely due to the base effect and slowing global growth. This was the second consecutive quarter with no functional disruption of economic activity by the Covid-19 pandemic. Since October, Google, too, has stopped reporting mobility indicators, which had become one of...
