India GDP slumps 7.5%, among worst-performing economies ...Qatar

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India’s economy contracted 7.5% between July and September, putting it among the worst-performing major advanced and emerging economies as it entered a technical recession for the first time since independence, official data showed on Friday. Although the figures were an improvement on the record 23.9% contraction recorded last quarter, they indicate that Asia’s third-largest economy is in for a tough fight as it attempts to revive demand and create jobs even as coronavirus infections climb. The two successive quarters of contraction mean the country has now entered a “technical recession” for the first time since 1947. After virus-related lockdowns ravaged the globe, the growth recorded by

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Last updated : 27 Nov 2020 clock 09:00 PM

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India GDP slumps 7.5%, among worst-performing economies ...Qatar

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