Indian economy enters recession for the first time since independence
India’s economy contracted 7.5 per cent between July and September
This is the second consecutive contraction after 23.9% in April-June quarter
India’s dominant sectors finance and real estate shrank 8.1% last quarter compared to last year
However, the agricultural sector grew 3.4% year on year, becoming a major driver of the economy
The changes are the aftermath of COVID-19 induced lockdown
India is the second-highest in terms of COVID-19 infections after the U.S.
