India enters recession, worst among major economies

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Asia's 3rd largest economy is in for a tough fight as it attempts to revive demand and create jobs even as coronavirus infections climb.

during the quarter ending on September 30 raised expectations that India would also enjoy a revival.

Farming continued to be a relatively bright spot, while manufacturing activity also increased during the July-September period after plunging nearly 40% during the previous quarter due to the lockdown. India's economy had struggled to gain traction even before the pandemic, and the hit to global activity from the virus and one of the world's strictest lockdowns combined to deal the country a severe blow.

The government has since been easing restrictions to revive activity, announcing two stimulus packages to offer farmers easier access to credit and dole out benefits to small-scale businesses.

 

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