India’s economic recovery gathers pace as Omicron looms

India is expected to remain on track to post the fastest economic growth among major economies even as the spread of the Omicron coronavirus variant has raised fears for the future.

The country’s economic recovery is expected to strengthen in the July-September quarter, helped by an uptick in consumer spending, data due later Tuesday is expected to show.

A Reuters survey of 44 economists projected GDP data will show 8.4 percent year-on-year growth in the September quarter, the fastest pace among major economies, vs a 7.5 percent contraction in the same quarter last year.

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