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RBI hints at historic technical recession in India
Nov 12, 2020, 02:50:54 PM | TOI.in
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The Reserve Bank’s number is buoyed by cost cuts at companies, which boosted operating profits even as sales dipped. The team of authors also used a range of indicators from vehicle sales to flush banking liquidity to signal brightening prospects for October. If this upturn is sustained, the Indian economy will return to growth in the October-December quarter, earlier than projected by governor Shaktikanta Das last month, when he pledged to keep monetary policy accommodative.
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