While the country’s GDP previously fell by a record 23.9 percent in the first fiscal quarter, the economy is estimated to have substantially reduced the contraction to single digits in the second quarter. GDP Q2 FY 2020-21: The Ministry of Statistics and Program Implementation (MOSPI) plans to publish the GDP …
Read More »The Hindu explains | What is technical recession and what does it mean for the Indian economy?
What did the RBI warn about falling GDP amid the pandemic and what awaits us? The story so far: The latest monthly newsletter of the Reserve Bank of India (RBI) features an article by an official in its Monetary Policy Department titled ‘An Index of Economic Activity for India’, where …
Read More »