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India’s Economy Hampered by Weak Consumer Spending

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wsj.com

NEW DELHI—India’s economy is rebounding after a brutal pandemic-induced recession, but job losses related to Covid-19 are weighing on consumer spending and the country’s economic recovery.The South Asian nation’s gross domestic product grew 8.4% in the three months ended September, compared with a year earlier.

The quarter reflected the aftermath of India’s devastating spring Covid-19 surge, which set global records for daily cases and deaths in a single country.

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