{"id":86563,"date":"2020-06-16T19:14:22","date_gmt":"2020-06-16T13:44:22","guid":{"rendered":"https:\/\/factly.forumias.com\/?p=15943"},"modified":"2020-06-16T19:14:22","modified_gmt":"2020-06-16T13:44:22","slug":"india-stares-at-5th-recession-how-is-it-different-from-the-past-downturns","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-stares-at-5th-recession-how-is-it-different-from-the-past-downturns\/","title":{"rendered":"India stares at 5th recession: How is it different from the past downturns?"},"content":{"rendered":"\n<p><strong>News:<\/strong> India is staring at the 5th recession which will be different from previous recessions and will come with a fresh set of challenges.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/3Q8JJw0q3v4aD68maKUkZtjaXWGVDEd_IJVpydMQi_smpw_qbxO7lJkT4O0FcdZBSkAt5cCcYAMDOeMqlOt1VEVzFbv0Z0m79AkxXyK4AEXmEgDc0EA0oEyDaP05nr2Vx0IZzmNyeZ6X05B73Q\" alt=\"\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Recession: <\/strong>It<strong> <\/strong>is generally defined as a fall in the overall economic activity for two consecutive quarters (six months) accompanied by a decline in income, sales and employment.<\/li><li><strong>Previous Recessions: <\/strong>According to Reserve Bank of India<strong>, <\/strong>since independence India has witnessed four recessions:<ul><li>1958 &#8211; Caused due to Balance of Payment(BoP) crisis<\/li><li>1966 &#8211; Caused due to Drought&nbsp;<\/li><li>1973 &#8211; Caused due to Energy Crisis<\/li><li>1980 &#8211; Caused due to Oil Shock leading to BoP crisis<\/li><\/ul><\/li><li><strong>Current Recession: <\/strong>The current recession staring at India is due to the coronavirus induced Lockdown which has affected the economic activity.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: India is staring at the 5th recession which will be different from previous recessions and will come with a fresh set of challenges. Facts: Recession: It is generally defined as a fall in the overall economic activity for two consecutive quarters (six months) accompanied by a decline in income, sales and employment. Previous Recessions:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-stares-at-5th-recession-how-is-it-different-from-the-past-downturns\/\">Continue reading <span class=\"screen-reader-text\">India stares at 5th recession: How is it different from the past downturns?<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4126],"class_list":["post-86563","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economic-recession","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700775243,"cached_date":1703071595},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86563"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86563\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}