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Economy

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.

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