Graph and download economic data for OECD based Recession Indicators for India from the Period following the Peak through the Trough (DISCONTINUED) (INDREC) from May 1996 to Sep 2022 about peak, trough, recession indicators, and India.

The dataset (in csv format) has been prepared by scraping Twitter data on the topic recession in India and has around 5112 tweets. The information such as number of likes for the tweet, number of times the tweet had been retweeted till 30 Nov 2022, the name of the user is included in this dataset. Is recession imminent in India?

The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.

Dataset

This dataset was created by Ishkutty

Contents

According to data published by the Pew Research Center, India is estimated to have had a shrinking middle class as a result of the global recession brought on by the COVID-19 pandemic. It is estimated that the number of people in the middle income tier in India decreased from ** million to ** million following the COVID-19 global recession.

The Gross Domestic Product (GDP) in India expanded 7.80 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In a survey conducted on the impact of COVID-19 in India in March 2022, a majority of participants reported a net increase in spending across categories like groceries with a share of ** percent expecting to buy lesser quantity. However, a drop in spending was observed for categories related to leisure, travel, and dining in restaurants.

Spending models The COVID-19 pandemic has had a grave impact on the Indian economy which come with its own array of setbacks indicating a drastic change in the pattern of market dynamics. It was observed that during the pandemic, people’s spending models changed from one of indulging to hoarding. People spent less of their income on items that were perceived as non-essential such as clothing, make up, jewelry, toys and games and electronics. By inference, more money was spent on purchase of essential goods, particularly groceries and other food items. The second wave and the economy The nation’s battle with the coronavirus continues bringing in the second wave. This has prompted a reimposition of strict measures including partial lockdowns and curfews in certain states to keep the contagion under control. Experts have postulated a more virulent mutation of the virus could make the second wave even deadlier. While the economy has not yet fully recovered from the first wave of the pandemic following the lockdown imposed in March 2020, India’s recovery signals a slowdown. In the case of further lockdowns, it could lead to an economic recession. Some of the worst hit sectors during the pandemic have been tourism along with automotive and power.

The Global Financial Crisis (2007-2008), which began due to the collapse of the U.S. housing market, had a negative effect in many regions across the globe. The global recession which followed the crisis in 2008 and 2009 showed how interdependent and synchronized many of the world's economies had become, with the largest advanced economies showing very similar patterns of negative GDP growth during the crisis. Among the largest emerging economies (commonly referred to as the 'E7'), however, a different pattern emerged, with some countries avoiding a recession altogether. Some commentators have particularly pointed to 2008-2009 as the moment in which China emerged on the world stage as an economic superpower and a key driver of global economic growth. The Great Recession in the developing world While some countries, such as Russia, Mexico, and Turkey, experienced severe recessions due to their connections to the United States and Europe, others such as China, India, and Indonesia managed to record significant economic growth during the period. This can be partly explained by the decoupling from western financial systems which these countries undertook following the Asian financial crises of 1997, making many Asian nations more wary of opening their countries to 'hot money' from other countries. Other likely explanations of this trend are that these countries have large domestic economies which are not entirely reliant on the advanced economies, that their export sectors produce goods which are inelastic (meaning they are still bought during recessions), and that the Chinese economic stimulus worth almost 600 billion U.S. dollars in 2008/2009 increased growth in the region.

From the Summer of 2007 until the end of 2009 (at least), the world was gripped by a series of economic crises commonly known as the Global Financial Crisis (2007-2008) and the Great Recession (2008-2009). The financial crisis was triggered by the collapse of the U.S. housing market, which caused panic on Wall Street, the center of global finance in New York. Due to the outsized nature of the U.S. economy compared to other countries and particularly the centrality of U.S. finance for the world economy, the crisis spread quickly to other countries, affecting most regions across the globe. By 2009, global GDP growth was in negative territory, with international credit markets frozen, international trade contracting, and tens of millions of workers being made unemployed.

Global similarities, global differences

Since the 1980s, the world economy had entered a period of integration and globalization. This process particularly accelerated after the collapse of the Soviet Union ended the Cold War (1947-1991). This was the period of the 'Washington Consensus', whereby the U.S. and international institutions such as the World Bank and IMF promoted policies of economic liberalization across the globe. This increasing interdependence and openness to the global economy meant that when the crisis hit in 2007, many countries experienced the same issues. This is particularly evident in the synchronization of the recessions in the most advanced economies of the G7. Nevertheless, the aggregate global GDP number masks the important regional differences which occurred during the recession. While the more advanced economies of North America, Western Europe, and Japan were all hit hard, along with countries who are reliant on them for trade or finance, large emerging economies such as India and China bucked this trend. In particular, China's huge fiscal stimulus in 2008-2009 likely did much to prevent the global economy from sliding further into a depression. In 2009, while the United States' GDP sank to -2.6 percent, China's GDP, as reported by national authorities, was almost 10 percent.

For most of the past two decades, China had the highest GDP growth of any of the BRICS countries, although it was overtaken by India in the mid-2010s, and India is predicted to have the highest growth in the 2020s. All five countries saw their GDP growth fall during the global financial crisis in 2008, and again during the coronavirus pandemic in 2020; China was the only economy that continued to grow during both crises, although India's economy also grew during the Great Recession. In 2014, Brazil experienced its own recession due to a combination of economic and political instability, while Russia also went into recession due to the drop in oil prices and the economic sanctions imposed following its annexation of Crimea.

Glaciers across the Himalayan arc are showing varying signs of recession. Glaciers in the eastern and western parts of the Himalayan arc are retreating more rapidly as compared to other regions. This differential retreat is often attributed to climatic, topographic, and geologic influences. The glaciers in the Trans-Himalayan region of Ladakh are believed to be relatively stable as compared to other parts of the western Himalaya. The present study ascertained the area changes and frontal retreat of 87 glaciers in the Pangong Region between 1990 and 2019 using satellite data. The geodetic mass changes were also assessed using SRTM and TanDEM-X digital elevation models of 2000 and 2012 respectively. Besides, the glacier outlines were delineated manually and compared with existing regional and global glacier inventories that are available over the region. The GlabTop model was used to simulate the glacier-bed overdeepenings of four glaciers that are associated with a proglacial lake. The study also analyzed the impact of topographic influences and varying debris cover on glacier recession. This analysis indicated deglaciation of 6.7 ± 0.1% (0.23% a−1) from 1990 to 2019 over the Pangong Region with clean-ice glaciers showing a higher retreat (8.4 ± 0.28%) compared to the debris-covered glaciers (5.7 ± 0.14%). However, the overall recession is lower compared to other parts of northwestern Himalayas. The glacier recession showed a positive correlation with mean glacier slope (r = 0.3) and debris cover (r = 0.1) with bigger size glaciers having retreated at a lesser pace compared to smaller ones. This underpins the need for in-situ data about debris thickness to precisely ascertain the role of debris on glacier recession in the Trans-Himalayan Ladakh where debris thickness data is absent. The mean glacier elevation did not indicate any influence on glacier recession. From 2000 to 12, the glaciers lost an ice mass amounting to 0.33 ± 0.05 m we. per year. The formation of four new proglacial lakes, although small (

In a survey conducted in 2020 in India, regarding the future concerns due to the coronavirus (COVID-19), ** percent of the respondents stated economic recession, rising unemployment, and salary cuts to be the leading concerns. Whereas, ** percent of the respondents stated that they were worried about micro, small and medium enterprises closing down.

Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

The global trade on the antimony market amounted to 133 million USD in 2015, showing tremendous fluctuations over the period under review. A 46% drop in 2009 was followed by a spike above the pre-recession peak in the following year. Exports of antimony continued to increase rapidly for the next two years, until they fell below half of their value in 2013. They continued falling in 2014 and rebounded in 2015. Overall, there was an annual increase of 6.8% from 2007 to 2015.

In a survey conducted in September 2020, regarding consumer perception surrounding the economic recovery after coronavirus (COVID-19) in India, ** percent of the respondents are positive that the economy will bounce back to pre-COVID levels in the next few months. Majority of the respondents disagree that COVID-19 would cause a significant recession or a major economic depression.

Petroleum products were the most affected commodities in terms of exports from India, with a decline of about ** percent in ************, compared to the same month in the previous year. Other cereals and oil meals witnessed a highly positive change rate.

Global economic impact The outbreak of COVID-19 caused a massive economic recession, with *** out of the ***** largest economies showing a massive GDP loss in the third quarter of 2020. A slump in demand and changing consumption patterns shook international trade worldwide. Since **********, lockdowns became a global necessity, and the Indian subcontinent was no exception, announcing its first nation-wide lockdown by the end of March. Aimed at getting hold of the infectious chains, the lockdown resulted in a massive decrease in mobility, but also meant that livelihoods were disproportionately impacted. This was especially true for those with daily or hourly wages across the country.

COVID-19 impact on different sectors Reduced mobility and the unavailability of resources, due to restricted borders caused significant challenges to traditional retailers. The automotive industry, in particular, emerged as one of the worst impacted industries. Simultaneously, petroleum consumption decreased. Other industries such as healthcare or fast-moving consumer goods, were less affected due to their indispensability and local shopper clientele. E-commerce experienced a long-lasting benefit from the pandemic, as most online purchasers consider e-retail as a post-pandemic option.

Badminton Racket Market was valued at USD 819.5 Billion in 2023 and is projected to reach USD 1210.6 Billion by 2031, growing at a CAGR of 6.6% during the forecast period 2024-2031.

Global Badminton Racket Market Drivers

The market drivers for the Badminton Racket Market can be influenced by various factors. These may include:

Growing Global Popularity of Badminton: Demand for rackets is increased by badminton's growing appeal as an approachable and entertaining sport. Due to their robust badminton cultures, nations like China, India, Indonesia, and Malaysia are important markets. Growth of the Sports and Fitness Industry: The badminton racket market is supported by the broader sports and fitness industry's growth. The need for gear, such as badminton rackets, increases as more people participate in sports and leisure activities.

Global Badminton Racket Market Restraints

Several factors can act as restraints or challenges for the Badminton Racket Market . These may include:

High Level of Competition and Pressure on Prices: There are many brands and manufacturers in the competitive badminton racket market. Price wars resulting from this fierce competition may put pressure on businesses' profit margins and make it difficult for new competitors to make an impression. Economic Downturns: Consumer spending on non-essential sports equipment, such as badminton rackets, may decline during economic downturns and fluctuations. In times of economic recession, people may place a higher priority on necessities than on entertainment and sports.

GlobalData, the industry analysis specialist, has released its latest research: “Global Demand, Capacity and Prices for Polypropylene – End-Use Sectors in Asia-Pacific to Drive Growth”. The study comes from the company’s oil and gas research group and provides market analysis of the global polypropylene industry, highlighting major features. It gives historic and forecast market size and demand and production figures by region, covering Asia-Pacific, Europe, North America, South America, and the Middle East and Africa. It uses data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData’s team of industry experts. The global polypropylene industry witnessed steady growth between 2003 and 2013 despite the global recession in 2008. Although developed regions such as North America and Europe remained stagnant in terms of both demand and capacity, Asia-Pacific led the recovery with strong demand from major polypropylene end-use sectors such as packaging and electrical. In the next five years, the European market is expected to improve slightly due to Russia’s expansion plans; however the North American market is expected to remain stagnant due to market saturation. Asia-Pacific will remain the growth engine of the global polypropylene industry with its higher-than-average demand growth. To fulfil rising demand, major countries in Asia-Pacific such as China and India are also increasing their production capacity. In the next five years, China and India are likely to add polypropylene capacity of 7.48 million tons per year (mmty) and 1.675 mmty respectively. Overall, polypropylene capacity in Asia-Pacific is expected to increase by around 12 mmty by 2018. Read More

In fiscal year 2023, the share of currency in circulation (CIC) to the gross domestic product in India was nearly ** percent. Since the demonetization in 2017, the CIC-ratio had considerably grown again. India witnessed high ratios of CIC to GDP in times of high economic growth. This time, the CIC-ratio is expected to grow during financial year 2021, despite the recession caused by the coronavirus (COVID-19) pandemic and a likewise rise in digital payments.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.