Home / Economy / News / State of the economy: Entering technical recession but recovering

State of the economy: Entering technical recession but recovering

The Covid-19 pandemic chipped away nearly one-sixth of India's real output in H1

growth, profit, loss, currency, debt, reforms, investment, recovery, revival, revenue, share, value, stock, economy, returns, investment, gdp

Premium

Representative image

2 min read Last Updated : Nov 30 2020 | 12:52 AM IST

India witnessed a moderation in economic contraction in the July-September quarter, compared to the previous one. As data for the first two quarters have been released, it is worthwhile to take a look at how the economy performed in the first half (H1) of financial year FY21.

The Covid-19 pandemic chipped away nearly one-sixth of India’s real output in H1, as chart 1 shows. Only a few other economies such as the UK and Mexico faced a jolt this strong. Although we attribute the current economic situation to Covid-19, it is important to remember that the slump began as early as

Topics : Coronavirus Indian Economy Gross domestic product manufacturing

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in