Tag: Covid-19  pandemic lockdown

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 […]

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