The Indian economy has officially entered a technical recession. This is with two consecutive quarters of negative growth in gross domestic product (GDP). India's gross domestic product (GDP) for the second quarter ended September 30 contracted by 7.5 per cent, government data showed on Friday. However, this pace of contraction is considerably slower than the slump of 23.9 per cent in the previous quarter. Even though certain green shoots are visible in the economy, India's GDP figure has remained in the negative zone for two successive quarters. Though the contraction in the July-September quarter pushed India into its first technical recession, based on records going back to 1996, a sharp recovery held out hopes for the economy turning around before the end of the fiscal year. GDP had expanded by 4.4 per cent in the corresponding July-September period of 2019-20.