Editorials – India Global Business

/Editorials - India Global Business

Green shoots of growth in India could prove doomsayers wrong on economic contraction

2020-07-03T12:03:46+00:00June 29th, 2020|Editorials - India Global Business|

Freight movement, electricity and oil consumption are all showing signs of increasing demand. Unemployment is also falling. Coupled with an expected boom in the rural economy, which supports 70 per cent of India’s population, these could substantially temper or even negate the contraction of the economy in the first quarter of this financial year.