Citing growth in manufacturing and farm sectors, he said there were signs of a "V" shaped recovery helped by a pick up in demand for consumer and investment goods. "Overall, while the recovery provides optimism, caution on the pandemic and therefore on the economy is still warranted." Businesses fear new restrictions imposed by some states this week could delay a recovery while consumer demand could slowdown after the festivals. India’s tally of COVID-19 infections crossed 9.3 million to stand as the world’s second highest after the United States, with 135,715 deaths in the south Asian nation. Deodhar like many other economists expected growth to remain negative in the December quarter and post a small positive growth in March quarter.

Source: bd News24 November 27, 2020 14:26 UTC