India on the brink of 5th recession: How different is it from past downturns? - Photos-1
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India on the brink of 5th recession: How different is it from past downturns?

Recession is defined as a fall in the overall economic activity for two consecutive quarters (six months) accompanied by a decline in income, sales, and employment. In independent India's history, four such years of negative GDP growth were registered. They saw a contraction of -1.2% (FY58), -3.66% (FY66), -0.32% (FY73) and -5.2% (FY80). The recession looming now is different from previous recessions as it comes with a fresh set of challenges.

Story: Mudit Kapoor

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