ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

India hit by recession as GDP shrinks 7.5% in July-September

Contraction eases but real picture on sustainable recovery yet to emerge

A woman shops inside a Mumbai store amid India's ailing economy, which analysts think has a long way to go before getting better.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more