All major economies are seeing a drop in GDP as compared to last year. Surprising, no ? GDP is a indicator of economic activity and India was totally shut down for more than 3 months . It would have been suspicious if like China we started showing positive growth.
With such a heavy export dependent economy, with all its customers contracting , somehow Chinese figures are in the positive ?
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It's as if china has negligible dependence on exports.
In the 2nd qtr starting July, Indian gdp has reached 95% of its last year figures. And with the agricultural growth being in the positive, India will have a positive gdp figure by end of the financial year, as imf has predicted.