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Indian Economy Showing Signs Of Recovery From Slowdown

by Rahul Gautam Nov 18, 2020 • 07:43 AM Views 593

The Reserve Bank of India formally declared India to be in recession for the first time in history. But now according to assessments of various countries, India's economy is likely to recover from the recession soon. According to global forecasting firm Oxford Economics, the Indian economy is seen recovering faster than expected and that inflation rate in the country is currently 6%, which is slightly higher but it is expected to come down soon