Skip to content
Subscriber Only
Politics
Economics

India Exits Recession Amid Risks from Resurgence in Virus Cases

  • GDP grew 0.4% in December quarter; 8% shrinkage seen for year
  • India has seen an uptick in new cases over the last few weeks
Workers load sacks of cement onto trucks parked at a rail yard on the outskirts of Patna, Bihar, India.
Workers load sacks of cement onto trucks parked at a rail yard on the outskirts of Patna, Bihar, India.Photographer: Anindito Mukherjee/Bloomberg
Updated on

India’s economy returned to growth last quarter, ending a recession in time to battle new challenges posed by a surge in coronavirus infections.

Gross domestic product expanded 0.4% in the three months ended December after two consecutive quarters of declines, the Statistics Ministry said Friday. That was slower than the median forecast for a 0.6% expansion in a Bloomberg survey of 36 economists.