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'Worst Seems To Be Behind' As Economy Showing Signs Of Recovery: Report
The Business Guardian
|February 24, 2025
Food inflation, which has been persistently high throughout CY24, showed signs of moderation by the fourth quarter of the year, offering some relief
The challenging time which has persisted due to the contraction of the economic growth seems to be over, as new orders, agriculture exports, rural wages, Index of Industrial Production (IIP), steel production, auto sales and tax collections have picked up after a weak third-quarter calendar year 2024 according to a report by BNP Paribas.
The report added that tax collections also improved after a weaker third quarter, suggesting a gradual recovery despite persistent challenges.
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