India's economy likely accelerated in Jan-Mar, before COVID-19 wave

Finance Minister Nirmala Sitharaman, who said on Friday that no decision has been taken for another stimulus package, has limited space due to a fall in tax collections and rising public debt

NEW DELHI: India's economic growth likely picked up in the January-March quarter from the previous three months, but economists have grown more pessimistic about this quarter after a harsh second wave of COVID-19 hit the country last month.

The median forecast from a Reuters survey of 29 economists showed gross domestic product in Asia's third-largest economy grew 1.0% in the March quarter from a year earlier, up from 0.4% in the previous quarter when India began pulling out of a steep pandemic-induced recession in earlier six months.