Big reveal! India has entered recession for first time; GDP to contract 8.6 pc in Q2, says RBI official

The GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal, an RBI official has revealed. This comes on the back of two successive quarters of negative growth due to the COVID-19 pandemic.

from Zee Business: India Economy News https://ift.tt/35oKOoU
zee business The GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal, an RBI official has revealed. This comes on the back of two successive quarters of negative growth due to the COVID-19 pandemic. https://ift.tt/eA8V8J November 12, 2020 at 11:27AM