India to enter into recession in 2024?
Orderbook
Timeline
Overview
34.9K Trades
About the event
Source of Truth
Official announcement by Finance Ministry of India and other relevant sources
Trading started on
25 Nov, 2023
Event expires on
31 Dec, 2024
Event Overview & Statistics
India's Finance Ministry has said a recession may appear in 2024 due to uncertainties related to higher food and energy prices and geopolitical tensions. India's trade deficit reached a record high in October due to higher-value imports and lower exports. Rural demand has sustain...Read More
Rules
TIME: The event expiry depends on the India's GDP's data availability . The 'technical recession' definition will be considered for the settlement of the event.
RULES: The event will settle at 'Yes' if the GDP growth rate is negative for two consecutive quarters in 2024
