Indian Economy: Current Problems and Future Prospects

Economics

In the third quarter, which concluded in December, India's economic output climbed 0.4 percent over the previous year, according to data issued by the Indian government on Friday. After two straight quarters of declining economic activity, India appears to have exited recession, according to the data. It's great news for Prime Minister Narendra Modi and the people of India, who've been feeling the pinch of the coronavirus pandemic's effects on their country and the world economy as a whole. However, when compared to previous years, when the economy grew at a rate of 6% or more, the current growth rate is still quite slow.

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