Iyanatul Islam is an Adjunct Professor at the Griffith Asia Institute and former Branch Chief, ILO, Geneva. The views expressed in this blog are the author’s own and should not be attributed to the ILO.
by Iyanatul Islam 9 September 2020 India’s national statistical agency announced on August 31 that quarterly (April to June, 2020) GDP declined by a massive 23.9 percent. This was the largest recorded GDP contraction among major economies (see Figure 1). Thus, the Indian economy is heading towards an unavoidable recession for the FY 2020-21 which could surpassREAD MORE