Tag: Technical Recession

Mumbai: India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI). RBI’s Economic Activity Index estimates that India’s GDP growth for the second quarter of the current financial year was negative and the GDP contracted by […]

New Delhi: The Indian economy is forecast to show an average growth of only 0.3 per cent in two years as India enters its first technical recession, GDP could post further decline in 3QFY21. As per a report by Motilal Oswal Financial Services, “Real GDP declined 7.5 per cent YoY in 2QFY21 (or 3QCY20), worse […]