India officially enters recession, but contraction in Q2 GDP recedes
NEW DELHI: Even though India’s economic recovery accelerated in Q2FY21 from the lows of the Covid-19 pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession. The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by 7.5 per cent from […]