In this episode of The Wire Business Report, Mitali Mukherjee explains what a recession is and if we are indeed living through one. Mukherjee explains that the technical confirmation of a recession is – two consecutive quarters of a fall in the GDP or gross domestic product and India has seen it’s GDP slipping for 8 consecutive quarters now. So the damage had begun well before COVID. Tune in to learn what are the indicators of recession in the economy and how the lives of people –especially the younger population – could change dramatically.
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