Economy India's worst ever recession is here, says CRISIL Updated : May 27, 2020 09:05 AM IST The first quarter of the year, as per this report, will suffer a massive contraction of 25 percent. CRISIL believes it will be tough for India to return to its pre-pandemic growth levels at least for the next three years, irrespective of policy support. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.