Recession In 2024 India Wikipedia. It shrank by 23.9%, its worst slump since the country started releasing quarterly. Growth recession entails slowed economic growth over multiple quarters without turning negative, differing from traditional recession defined by consecutive.
Not only has the economy shrunk for a second successive quarter, marking a recession for the first time in independent india’s history, but the overall gdp figure of. Union minister narayan rane has said a recession is expected to hit india after june.