November 30, 2020 No Comments

India Officially Enters Recession, GDP Contracts By 7.5 Percent In 2020-21 Q2

According to government data released on November 27, 2020, the Indian economy declined by 7.5 percent in the second quarter (July to September) of FY 2020-21. With this contraction, India has officially recorded a technical slowdown for the first time. This contraction is a rebound from the first quarter of FY 2020-21. India’s economy had declined by 23.9 percent in the April to June quarter (first quarter, FY 2020-21), marking the first contraction in 40 years as the Kovid-19 epidemic led to consumer demand and private investment dominating. Be influenced by According to the Ministry of Statistics and Program Implementation,

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