Indian economy to contract by 12.6% in Q2, need 1991 like reforms: NCAER

In the medium-long term, Indias growth was unlikely to reach the peak output levels seen in the previous fiscal till the end of 2022-23, the think tank said in its Quarterly Review of the Economy report for the July-September quarter, noting this was under the ‘optimistic assumption of 7% growth in FY22.


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