India in recession after 41 years
India will see a recession after 41 years with the GDP expected to shrink 7.7% in 2020-21
Mudit Kapoor
- Jan 8, 2021,
- Updated Jan 21, 2021 1:28 PM IST
Indian economy is projected to contract 7.7% in 2020-21 due to coronavirus impact. India last saw recession in 1979-80 due to an oil shock which led to a balance of payment (BOP) crisis
Indian economy is projected to contract 7.7% in 2020-21 due to coronavirus impact. India last saw recession in 1979-80 due to an oil shock which led to a balance of payment (BOP) crisis
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