India’s economy grows by 8.4% amid signs of recovery

NEW DELHI (AP) — India has reported that its economy grew at an 8.4% annual pace in the July-September quarter in the latest sign of an economic recovery in Asia’s third-largest economy. India suffered one of the biggest setbacks among major economies this year with the pandemic. Growth in the April-June quarter jumped 20%, the fastest pace of expansion for India since it began publishing GDP figures in 1996. But economists cautioned that the rise was calculated from a smaller base, when India’s economy shrank by over 24% in the April-June quarter of 2020.