India slipped into a recession between April and September 2020

This follows a huge fall of 23.9% y/y in Q2 2020 caused by the COVID-19 induced stringent lockdown effect on domestic demand
This follows a huge fall of 23.9% y/y in Q2 2020 caused by the COVID-19 induced stringent lockdown effect on domestic demand
This follows a huge fall of 23.9% y/y in Q2 2020 caused by the COVID-19 induced stringent lockdown effect on domestic demand

The Indian economy slipped into recession between April and September 2020, with real GDP contracting by 7.5% y/y in Q3 of calendar year 2020, corresponding to the second quarter of India’s current fiscal year to end-March 2021. This follows a huge fall of 23.9% y/y in Q2 2020 caused by the COVID-19 induced stringent lockdown effect on domestic demand
This follows a huge fall of 23.9% y/y in Q2 2020 caused by the COVID-19 induced stringent lockdown effect on domestic demand, coupled with the collapse in external demand.

Download a comprehensive analysis of India's economy with the CEIC India Economy in a Snapshot Q3 2020 Report.

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7th December 2020 India slipped into a recession between April and September 2020