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Rating agency Fitch said on Tuesday that India's recovery from the coronavirus-induced economic contraction of the second quarter has been sluggish and uneven and faces multiple challenges in both the short and medium-term.
Sporadic shutdowns across India depress sentiment, disrupt economic activity.
Severe fall in activity has damaged household, corporate balance sheets amid limited fiscal support.
India's gross domestic product fell by 23.9% year-on-year in the second quarter, marking the first GDP contraction in more than 40 years.