New Delhi: Industry organization PHDCCI said on Saturday that the country’s GDP is expected to record a record increase in the third and fourth quarters of FY 2020-21 and due to various reforms undertaken by the government during the last 10 months of the economy is getting strengthened.
The organization said in a statement that it has nine positives out of 10 indicators of QET (accelerated economic trends). QETs are indicators of economic and business activity monitoring, supervised by PhDCCI. The Indian economy had a record 23.9 per cent decline in the June quarter, while the second quarter witnessed a decline of 7.5 per cent.
PHDCCI said that with the various reforms undertaken by the government in the last 10 months, as well as measures taken to increase investment and demand and the general budget, GDP growth is expected to be strong in the second and third quarter of FY 2020-21.
