This is a significant shift from the USD 8.7 billion deficit (1.0 per cent of GDP) reported in the third quarter and a notable improvement compared to the USD 1.3 billion deficit (0.2 per cent of GDP) in the fourth quarter of the previous fiscal year
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Healthy rains could bolster rural demand, which showed signs of revival after being impacted in the previous fiscal year, states Crisil's report
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