Q2 GDP Highlights: India’s economy shrinks 7.5% in Q2, falls into recession; manufacturing sees recovery
India Q2 GDP data: Economy claws back some lost ground, contracts 7.5%
November 30, 2020India plunges into technical recession as GDP contracts 7.5 per cent in July-Sept quarter
November 30, 2020The dip in private consumption by 11.5% indicates that the demand is still far from normal and that the supportive measures from the government should continue. The concern is that the population should not get into a debt-averse mode thereby focusing on savings instead of consumption which could really slow down recovery. — Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP.