It is interesting to wait and watch till when will the Indian government consider this "temporary decline in economic activity", accompanied by "widespread decline in the GDP, employment, trade, industrial production, and real income," NOT to be a RECESSION, BUT merely an "economic slowdown" that has now lasted for nearly 4 months!!??
Reference:
Chidambaram bats for more economic stimulus
Reference:
Chidambaram bats for more economic stimulus
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