Q. In the context of the Indian economy, what does the term 'Green Shoots' refer to?
Answer:
Signs of economic recovery or positive data during a downturn
Notes: India's startup sector showed signs of recovery in the first half of the year, attracting investor interest in niche areas. "Green shoots" refer to signs of economic recovery during tough times. The term symbolizes new plant growth, representing hope and renewal in the economy. UK Chancellor Norman Lamont first used "green shoots" in 1991 to describe recovery in the UK economy. Green shoots indicate positive trends like increased industrial production, rising car sales, and stable cement and steel prices. These signs are seen as welcome progress, especially after a recession.