India's rural economy on V-shaped recovery from June, helping GDP

The year-on-year expansion partly reflected a low base so it's hard to say the recession is over

farmers, agriculture, produce, products, grains, apmc, market, msp, godown, cold storage, farming, farmers, farm labour — Signals BE’s forecast of a 25% contraction in the April-June period may be underestimating GDP.

1 min read Last Updated : Aug 20 2020 | 7:32 PM IST

India’s rural economy swung to growth in June after eight months of contraction, according to Bloomberg Economics’ tracker. The year-on-year expansion partly reflected a low base so it’s hard to say the recession is over. Even so, emerging strength in what amounts about 45% of gross domestic product bodes well for the broader economic recovery and signals BE’s forecast of a 25% contraction in the April-June period may be underestimating GDP.