India exits recession
- February 27, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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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”