NEW DELHI -- India's economy shrank 7.5% on the year in the July-September quarter, the country's statistics agency said on Friday, pushing the world's second-most populous nation into a technical recession.
The downturn in gross domestic product, however, eased from the unprecedented 23.9% contraction over the previous three months, owing to pent-up demand that analysts feel may not continue after the end of the country's festive season.
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