INDIA ENTERS TECHNICAL RECESSION FOR THE FIRST TIME IN ITS HISTORY: RBI

Highlights

• The central bank in its first ever published ‘nowcast’ showcased that the Indian gross domestic product (GDP) shrank 8.6 percent in the quarter ended in September

• While the GDP slumped 8.6 percent in the second quarter, it was lower than 10.4 percent forecasted in the survey of economists by Bloomberg

• The Indian economy had previously contracted nearly 24 percent in the ....