“India’s GDP contracts by 7.3% in FY21, worst performance in four decades”

In recent news, the Indian government has announced a new initiative to boost the country’s economy. The initiative includes various measures aimed at stimulating growth and creating more job opportunities for the Indian population. This move is expected to have a positive impact on the overall economic landscape of India, with the government focusing on sectors such as manufacturing, infrastructure, and agriculture. The announcement has been well-received by industry experts and analysts, who believe that these measures will help India recover from the economic slowdown caused by the COVID-19 pandemic. Additionally, the government’s emphasis on promoting domestic manufacturing and reducing dependency on imports is seen as a step towards enhancing self-reliance and boosting the ‘Make in India’ campaign. Overall, this new initiative is expected to drive economic growth and create a more sustainable and resilient economy for India in the long term. Stay tuned for more updates on this developing story.

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