India In 'Historic' Recession For First Time

PUBLISHED ON: November 27, 2020 | Duration: 13 min, 03 sec

facebooktwitteremailkoo
loading..
At -7.5 per cent, the gross domestic product (GDP) rebounds, but India is now in technical recession with two successive quarters of shrinking output, due to the lingering effects of lockdowns to contain the COVID-19 pandemic. Economists are optimistic the slump in the second quarter of current financial year will not be as harsh as the record 23.9 per cent crash in the April-June period.
ALSO WATCH
China's Economy Grows Faster Than Estimates

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com