Following an unprecedented 8.2% q/q contraction in Q2 2020

The easing of restrictions on normal activity, including domestic travel, led to private consumption declining by 0.6% y/y

The October figure was slightly higher compared to September

For October, three states have registered a growth in their year-on-year values including West Bengal, Himachal Pradesh, and Jammu and Kashmir.

Private consumption helped the economy to improve following the lifting of the lockdown

GDP also declined by an unadjusted 1.6% y/y (2% y/y seasonally adjusted)

Private consumption declined by 2.1% y/y in Q3 2020 after plunging 20.5% y/y in Q2

China’s leading e-commerce platform saw explosive growth in online sales