Recession 2024 India. Technically a recession means that the total output in the economy — measured by the gross domestic product or gdp — contracts for two consecutive. Narendra modi has declared victory in india’s election but he’ll need the support of smaller parties to govern, a shock result that could make it.

India has one of the world’s fastest growing economies but the benefits are yet to fully reach the poorest. While india has demonstrated remarkable resilience, it’s undeniable that the global recession of 2024 has cast a shadow over its growth trajectory.