scorecardresearchIndia’s Economy Faces Resilience Test Amid Rising Interest Rates

India’s Economy Faces Resilience Test Amid Rising Interest Rates

Updated: 30 Aug 2022, 08:43 AM IST
TL;DR.
India’s economy probably grew at the fastest rate in a year last quarter driven by healthy consumption, but the pace of expansion is seen slowing as policymakers prioritize rising prices over growth.
The Indian economy suffered a contraction of 23.8% and 6.6% in the quarters ending June and September 2020 and grew at just 0.7% in the quarter ending December 2020. (HT Photo)

The Indian economy suffered a contraction of 23.8% and 6.6% in the quarters ending June and September 2020 and grew at just 0.7% in the quarter ending December 2020. (HT Photo)