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Covid19 impacted on Indian economy facing 4th Recession


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Covid19 impacted on Indian economy facing 4th Recession

According to the prediction of The CRISIL – Credit Rating Information Services Of India stating that India is facing the worst recession of economy to shrink by 5.8% in the current fiscal year due to the global pandemic COVID19. In the past 69 years, India has seen a recession only thrice - as per available data - in fiscals 1958, 1966 and 1980. The reason was the same each time - a monsoon shock that hit agriculture, then a sizeable part of the economy. 

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Covid19 impacted on Indian economy facing 4th Recession