At -7.5%, GDP Rebounds But India Now In Technical Recession 

 
India's gross domestic product (GDP) contracted 7.5 per cent in the July-September period, as the economy rebounded from a record slump of 23.9 per cent in the previous quarter due to slowdown caused by the coronavirus pandemic. Today's data confirms the economy's first technical recession - which is two consecutive quarters of GDP contraction - since 1996, when the country began quarterly records. The GDP reading for the second quarter of current financial year is much better than economists' forecasts of 8.8 per cent in a poll by news agency Reuters.