Budget must focus on resolving demand-side issues: Ind-Ra

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Budget must focus on resolving demand-side issues: Ind-Ra
PTI
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Synopsis

The pandemic induced lockdowns resulted in the economy tanking 23.9 per cent in the June quarter but made a dramatic recovery with the contraction improving to just 7.5 per cent in Q2 and is likely to re-enter the green zone in the second half which may help the economy close FY21 with a contraction of 7.5-8 per cent.