Tag Archives: contraction

NEW DELHI: India’s economy likely contracted for the second quarter in a row, according to a team of economists including Michael Patra, the central bank’s deputy governor in charge of monetary policy, pushing the country into an unprecedented recession. Gross domestic product contracted 8.6% in the quarter ending September, the …

[ad_1] Written by P. Vaidyanathan Iyer The | New Delhi | Updated: April 22, 2020 11:28:56 am Construction work begins in Mohali As the Center and the states struggle and struggle with strategies for a staggered closing output, the country appears, for the first time in 40 years, headed for …