Recession is defined as the period when the economic activities, i.e., demand and supply breakdown below the normal level of momentum in the economy. Gross domestic products (GDP) is used as a key indicator to assess the rate of growth of an economy. Quarterly data of real GDP growth provides a decent indication of the ongoing economy.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines