India GDP up 0.4% in December quarter after half-year contraction

Public and private investment helps economy improve, while consumption is still weak

20210226 India Kolkata railway station passengers with masks

Passengers head to the exits at a Kolkata train station in November, when the country's economy was emerging from two quarters of negative growth. © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- India's economy turned positive during the three months through December as gross domestic product expanded 0.4%, putting aside fallout from the coronavirus crisis that had kept growth negative for two consecutive quarters.

The Reserve Bank of India, the country's central bank, had projected a growth rate of 0.1% for the October-December quarter, while a Reuters poll of economists had forecast 0.5% growth.

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