CPI(M) Polit Bureau has issued the following statement on November 12
THE Reserve Bank of India has now officially confirmed the severe slowdown of the Indian economy and said “India has entered a technical recession in the first half of 2020-21 for the first time in its history”.
After the GDP plummeting by 23.9 per cent in April-June quarter, it has now further fallen by 8.6 per cent on top of this in the quarter ending September 2020.