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Economy

India's GDP expands 1.6% in January-March quarter

Second COVID wave clouds near-term outlook despite recent dip in cases

People walk at a crowded market amidst the spread of the coronavirus disease (COVID-19), in the old quarters of Delhi, India, April 6.   © Reuters

NEW DELHI -- India's economy grew 1.6% in the January to March quarter but recorded a contraction of 7.3% for the fiscal year that ended in March owing to the hit from the COVID-19 pandemic, official data released on Monday showed.

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