India-worse recession since 1947!

India suffers worst recession since ’47

AFPWelcome

• Economy contracts by record 7.3pc
• Pandemic forced 230m people into poverty last year

MUMBAI: India’s economy contracted 7.3 per cent in 2020-21, official data showed on Monday, its worst recession since independence as coronavirus lockdowns put millions out of work.

Asia’s third-largest economy grew by 1.6pc between January and March — the fourth fiscal quarter — after exiting its first “technical recession” since 1947 following two successive quarters of contraction.

Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

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