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. India however, has seen it’s GDP slipping for eight consecutive quarters now. So the damage had begun well before COVID-19.
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.