Indias economy shrank 7.5percent in the third quarter

category:Finance
 Indias economy shrank 7.5percent in the third quarter


Indias economic times reported that Indias overall economic trend is still not free from the impact of the new epidemic, two consecutive quarters of negative growth, Indias economy has fallen into a technical recession.

Market participants generally believe that Indias economy in the third quarter was slightly better than before, and the economic decline narrowed due to factors such as the governments relaxation of epidemic prevention and control measures and the arrival of the holiday season to promote consumption. However, India still faces growth bottlenecks such as high unemployment rate, unsustainable release of consumer demand, and insufficient economic recovery momentum.

Affected by the epidemic, Indias economy fell sharply by 23.9% in the second quarter of this year.