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India in recession after 41 years

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

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

Published on: Jan 08, 2021, 3:51 PM IST
Posted by: Mudit Kapoor, Jan 08, 2021, 3:51 PM IST