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    India exits recession

    • February 27, 2021
    • Posted by: OptimizeIAS Team
    • Category: DPN Topics
    No Comments

     

     

    India exits recession

    Context:

    India exited ‘technical recession’ with GDP growth estimated at 0.4 per cent in the third (October-December) quarter of 2020-21.

    Technical Recession:

    • It is often considered a recession to be in progress when real GDP has declined for at least two consecutive quarters.
    • That is how real quarterly GDP has come to be accepted as a measure of economic activity and a “benchmark” for ascertaining a “technical recession”
    India exits recession
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