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    Lower GDP contraction in Q2 encouraging, estimates show 'upside potential' for economy: CEA K V Subramanian

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    Chief Economic Adviser K V Subramanian on Friday said there is an "upside potential" in the estimates about the economy during the current financial year as recovery is taking faster than expected. Giving outlook for the near future, he said, "We should be cautiously optimistic and the caution is warranted because economic impact is primarily due to the pandemic."

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