New Delhi: India’s economy is clearly on a sharp recovery, especially in the manufacturing sector, but given the uncertainty surrounding the coronavirus pandemic, it makes sense to remain cautiously optimistic, chief economic advisor Krishnamurthy Subramanian said here.India’s September quarter GDP slowed down its pace of contraction to 7.5% from the devastating 23.9% contraction seen in the first quarter, aided by a rebound in manufacturing and electricity generation and sustained farm output.
The services sector, however, continued to be a drag on the overall economy.Subramanian told reporters that it would be difficult to forecast whether GDP will enter the positive zone in the third or the fourth quarter due to the uncertain nature of.