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The report also does well to emphasise that higher trade-to-GDP ratios are a signal of competitiveness and an entry point for coupling the Indian economy with the international economy, including through global value chains.

Coronavirus eats into Indian economy, GDP shrinks 7.3%

The 7.3 per cent contraction is the worst-ever economic performance that India has witnessed in over four decades

1 Jun 2021 1:20 AM IST