{"id":10254,"date":"2020-11-12T11:33:36","date_gmt":"2020-11-12T06:03:36","guid":{"rendered":"https:\/\/www.theleonews.com\/en\/?p=10254"},"modified":"2020-11-12T17:27:19","modified_gmt":"2020-11-12T11:57:19","slug":"rbi-india-enters-recession-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/","title":{"rendered":"RBI: India enters recession for the first time"},"content":{"rendered":"<p>Michael Patra, the deputy governor of the RBI who is in charge of the monetary policy, addressing a media conference along with other economists said that India has entered a historic technical recession. India\u2019s GDP figures had contracted by 8.6% in the quarter ending September, adding that the economy had declined by 24% in April to June.<\/p>\n<p>\u201cIndia has entered a technical recession in the first half of 2020-21 for the first time in its history. Lurking around the corner is the third major risk &#8211; stress intensifying among households and corporations that have been delayed but not mitigated, and could spill over into the financial sector,\u201d the panel of economists said. Meanwhile, the official statistics would be out on November 27th.<\/p>\n<p>Reacting to the statement made by the Economists, Congress&#8217;s Rahul Gandhi tweeted, \u201cIndia has entered into recession for the first time in history. Mr Modi\u2019s actions have turned India\u2019s strength into its weakness.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Patra, the deputy governor of the RBI who is in charge of the monetary policy, addressing a media conference along with other economists said that India has entered a historic technical recession. India\u2019s GDP figures had contracted by 8.6% in the quarter ending September, adding that the economy had declined by 24% in April [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":10258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[375,388,373,393],"tags":[4216,21,4223,4217,4221,408,750,381,4222,3526,311,4215,4218,4219,4220],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI: India enters recession for the first time - The Leo News | English News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI: India enters recession for the first time - The Leo News | English News\" \/>\n<meta property=\"og:description\" content=\"Michael Patra, the deputy governor of the RBI who is in charge of the monetary policy, addressing a media conference along with other economists said that India has entered a historic technical recession. India\u2019s GDP figures had contracted by 8.6% in the quarter ending September, adding that the economy had declined by 24% in April [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/\" \/>\n<meta property=\"og:site_name\" content=\"The Leo News | English News\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T06:03:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-12T11:57:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theleonews.com\/en\/wp-content\/uploads\/2020\/11\/RBI.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TLN Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TLN Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/\",\"url\":\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/\",\"name\":\"RBI: India enters recession for the first time - The Leo News | English News\",\"isPartOf\":{\"@id\":\"https:\/\/www.theleonews.com\/en\/#website\"},\"datePublished\":\"2020-11-12T06:03:36+00:00\",\"dateModified\":\"2020-11-12T11:57:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.theleonews.com\/en\/#\/schema\/person\/1e9239ce94e11af52c82beae6ae355c8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theleonews.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI: India enters recession for the first time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theleonews.com\/en\/#website\",\"url\":\"https:\/\/www.theleonews.com\/en\/\",\"name\":\"The Leo News | English News\",\"description\":\"Andhra News | Telangana News | Tollywood\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theleonews.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theleonews.com\/en\/#\/schema\/person\/1e9239ce94e11af52c82beae6ae355c8\",\"name\":\"TLN Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.theleonews.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/104bb089b43257e085bb4d7e01469fd0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/104bb089b43257e085bb4d7e01469fd0?s=96&d=mm&r=g\",\"caption\":\"TLN Staff\"},\"url\":\"https:\/\/www.theleonews.com\/en\/author\/tln-staff\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RBI: India enters recession for the first time - The Leo News | English News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/","og_locale":"en_US","og_type":"article","og_title":"RBI: India enters recession for the first time - The Leo News | English News","og_description":"Michael Patra, the deputy governor of the RBI who is in charge of the monetary policy, addressing a media conference along with other economists said that India has entered a historic technical recession. India\u2019s GDP figures had contracted by 8.6% in the quarter ending September, adding that the economy had declined by 24% in April [&hellip;]","og_url":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/","og_site_name":"The Leo News | English News","article_published_time":"2020-11-12T06:03:36+00:00","article_modified_time":"2020-11-12T11:57:19+00:00","og_image":[{"width":750,"height":375,"url":"https:\/\/www.theleonews.com\/en\/wp-content\/uploads\/2020\/11\/RBI.jpg","type":"image\/jpeg"}],"author":"TLN Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"TLN Staff","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/","url":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/","name":"RBI: India enters recession for the first time - The Leo News | English News","isPartOf":{"@id":"https:\/\/www.theleonews.com\/en\/#website"},"datePublished":"2020-11-12T06:03:36+00:00","dateModified":"2020-11-12T11:57:19+00:00","author":{"@id":"https:\/\/www.theleonews.com\/en\/#\/schema\/person\/1e9239ce94e11af52c82beae6ae355c8"},"breadcrumb":{"@id":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theleonews.com\/en\/rbi-india-enters-recession-for-the-first-time\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theleonews.com\/en\/"},{"@type":"ListItem","position":2,"name":"RBI: India enters recession for the first time"}]},{"@type":"WebSite","@id":"https:\/\/www.theleonews.com\/en\/#website","url":"https:\/\/www.theleonews.com\/en\/","name":"The Leo News | English News","description":"Andhra News | Telangana News | Tollywood","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theleonews.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.theleonews.com\/en\/#\/schema\/person\/1e9239ce94e11af52c82beae6ae355c8","name":"TLN Staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.theleonews.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/104bb089b43257e085bb4d7e01469fd0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/104bb089b43257e085bb4d7e01469fd0?s=96&d=mm&r=g","caption":"TLN Staff"},"url":"https:\/\/www.theleonews.com\/en\/author\/tln-staff\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/posts\/10254"}],"collection":[{"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/comments?post=10254"}],"version-history":[{"count":0,"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/posts\/10254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/media\/10258"}],"wp:attachment":[{"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/media?parent=10254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/categories?post=10254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theleonews.com\/en\/wp-json\/wp\/v2\/tags?post=10254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}