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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

Mudit Kapoor
  • Updated Jan 21, 2021 1:28 PM IST
India in recession after 41 years

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 8, 2021 3:51 PM IST
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