~India's fourth recession since independence
~ First since liberalisation and perhaps worst to date is here.
~ Indian economy shrinking 5% in fiscal 2021
~ 1st quarter will suffer a staggering 25% cont.
2/n
~ About 10% of GDP in real terms could be permanently lost.
~ Non- Agri growth contract to 6%.
~ Agri growth can be near to its trend line(Assuming normal monsoon)
~ For the 1st time in recession we will see Non- Agri de-growth.
