Economic Recession

It a mild form of depression with features like - there is a general fall in demand as economic activities takes a downturn; inflation remains lower or/and shows further signs of falling down; employment rate falls/unemployment rate grows; and Industries resort to ‘price cuts’ to sustain their business.

India has been in a recession due to the pandemic. The government has taken a number of initiatives to combat the recession and downturn.

Measures by State to Combat Recession

• Tax Cuts: Consumers will spend more money if they have more money. This will create demand in the economy. As a result, more ....