India Facing Recession 2024. The crisis can be gauged from official figures of india's diamond exports, which have plummeted. Recession looms as economy reopens.

India’s gdp grew 8.15% yoy over fiscal 2023 to 2024, with a sharp growth of 7.8% in the fourth quarter of 2023, beating the government’s second advanced estimate of 7.6% and. 2023 and are expected to drop further to $12bn in 2024.