The Reserve Bank of India has published it’s first-ever _________ in which is written that our country has entered a technical recession in the first half of 2020-21 for the first time in its history

Explanation

The Reserve Bank of India (RBI) has published it’s first-ever ‘Nowcast’ which suggests that our economy has slumped down by 24 per cent in April to June. This means that Gross Domestic Product (GDP) has contracted 8.6% in the quarter ended in September 2020. The authors in the published Nowcast have written that our country has entered a technical recession in the first half of 2020-21 for the first time in its history.