 "FM, Nirmala Sitharaman")
The finance ministry on Thursday said that the economy is witnessing optimism in the ongoing quarter led by sustained improvement in high frequency indicators in October and November. It said that there were no fundamental or structural factors responsible for the contraction in the gross domestic product (GDP) by 23.9 per cent in the period between April and June.
The finance ministry’s Department of Economic Affairs (DEA) in its monthly economic review for November said, "The GDP contraction of 7.5 per cent in second quarter underlies a quarter-on-quarter surge in GDP growth of 23 per cent. This V-shaped recovery, evident
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