"v-shaped"

Accordingly, the ratings agency's estimates showed that after recording negative growth during 9MFY21, GDP growth will finally turn positive at 0.3 per cent YoY in 4QFY21.

CEA said the responsibility of capital formation has largely fallen on the government and PSUs till then

"The sustained improvement in high frequency indicators ignite optimism of an improved performance in second half of the year," it said.