Economics
India’s Economy Seen Clawing Back After Slipping Into Recession
- Economists estimate GDP to contract 8.2% in September quarter
- Recovery in coming quarters hinges on domestic demand revival
A truck terminal in the Howrah district of Kolkata, India, on Nov. 26.
Photographer: Arko Datto/BloombergThis article is for subscribers only.
Concern about the depth of India’s recession is slowly being replaced by optimism that a recovery is taking hold.
A slew of indicators from car sales to services sector activity notched higher last month, while alternative data signal robust demand in an economy that’s primarily driven by domestic consumption.