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India’s GDP may turn positive at 1.3% in December quarter: DBS Bank report

The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday.

Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.

DBS Group Research economist Radhika Rao said sharp improvement in the COVID-19 situation and rising public spending are the two factors that bode well for December 2020 quarter.

India posted de-growth of 24 per cent and 7.5 per cent in GDP in first and second quarters ended June and September 2020, respectively.

The unlocking saw domestic demand benefit from festive tailwinds, pent-up…

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