Is India under Economic Recession from 2018? I think definitely India is reeling under economic slowdown, read below for more details.
1) India now in the midst of major economic slowdown, urgent actions needed: IMF
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2) Peenya Industrial Hub, Bangalore one of the largest Industrial hub in Asia and Business is down by more than 50%.
3) People in low income bracket cannot even afford Rs 5 Parle G biscuits, sales of Parle G biscuits are down and company is planning to lay-off around 10,000 workers
4) Indian Auto Industry is in huge crisis, sales are down by 30%. There was a time when Govt mentioned to make India the Auto Hub and now Indian Auto industry is struggling.
5) It is Year 2020 and Nominal GDP growth rate is at 42-year low.