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India enters recession as GDP contracts 7.5% in July-September


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The Indian economy has officially entered a technical recession, with two consecutive quarters of negative growth in gross domestic product (GDP).

Real GDP for the September quarter contracted 7.5 per cent year-on-year, on the back of the steep contraction in manufacturing, construction, and services, data released by the National Statistical Office showed on November 27.

The pace of contraction was slower than analyst estimates. Analysts polled by news agencies Reuters and Bloomberg had expected a contraction of 8.8 per cent and 8.2 per cent, respectively, for the second quarter.

 

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    https://www.ft.com/content/33659ed3-cf15-4e93-9128-727d24759225

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 India’s economy contracted 7.5 per cent year-on-year in the quarter ending September, taking it into a technical recession as strict lockdown measures to deal with the coronavirus pandemic continued to weigh on output.

The performance was better than many analysts had forecast but still reflected the heavy blow the pandemic has delivered to what was recently the world’s fastest-growing large economy.

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:dontknow:Thats on anti Modi Ft

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Many Indians dont understand the impact of a pandemic but takes every oppurtunity to blame Modi. They behave as if Indira ka launda PM hota to India's economy would be thriving by now...lmao.

 

Why its so difficult to understand that this economy crunch is due to Covid? And its not only impacting India but around the globe.

 

Britain's economy shrunk the most in 300 years

 

https://www.euronews.com/2020/11/25/uk-economy-to-suffer-largest-fall-in-output-for-300-years-as-gdp-down-11-3-in-2020-says-su

 

But but but....Modi ji.

 

Sent from my SM-G950F using Tapatalk

 

 

 

 

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3 hours ago, Austin 3:!6 said:

Many Indians dont understand the impact of a pandemic but takes every oppurtunity to blame Modi. They behave as if Indira ka launda PM hota to India's economy would be thriving by now...lmao.

 

Why its so difficult to understand that this economy crunch is due to Covid? And its not only impacting India but around the globe.

 

Britain's economy shrunk the most in 300 years

 

https://www.euronews.com/2020/11/25/uk-economy-to-suffer-largest-fall-in-output-for-300-years-as-gdp-down-11-3-in-2020-says-su

 

But but but....Modi ji.

 

Sent from my SM-G950F using Tapatalk

 

 

 

 

 

Lot of Bakis here

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1 hour ago, Autonomous said:

Yes mera wala bhi **** hai. 

 

Lekin yeh to maha **** hai

What's your point then :noidea: is there a contest on who's the most shittiest of em all. Maybe we can arrange for a mirror that says who's the shittiest. hey atleast our pm is better than the opposition. not sure that's a complement but there it is.

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58 minutes ago, Real McCoy said:

What's your point then :noidea: is there a contest on who's the most shittiest of em all. Maybe we can arrange for a mirror that says who's the shittiest. hey atleast our pm is better than the opposition. not sure that's a complement but there it is.

Bus **** hi ****

Edited by Autonomous
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