Economy Shrinks For Second Straight Quarter, India Formally Hit By Recession

by Rahul Gautam Nov 27, 2020 • 08:37 PM Views 775

Bad news is coming one after another on the economy front. According to the data released by the National Statistics Office (NSO), India's GDP shrunk by 7.5% in the second quarter of July-September. The Indian economy has technically entered a recession cycle after contracting for two consecutive quarters