“RECESSION – RECOVERY – A JOURNEY IN TO INDIAN ECONOMY”
Keywords:GDP, SECTOR GROWTH, RECESSION, CONTRACTION OF GDP, 97-21.
Technically recession refer to negative growth in the GDP for the two quarter accompanied by fall in the production, increase in the unemployment. GDP contraction is the compound effect of several sectors negative growth. This paper examines the how each sector has contributed to the negative growth of GDP in the past 25 years. The possible action for the revival those sectors would lead to restoring of normalcy. It also helps in credit allocation, planning of stimulus packages which are necessary for bounce back. Data pertaining to GDP factor cost, Sectors contribution gathered through DBIE, RBI ware house of data, descriptive statistics & trend % has been used for the meaning full analysis.