India's recovery to take time after economy shrinks 24% in June quarter

Consumer spending, private investments and exports all collapsed during the world's strictest lockdown imposed in late March to combat the COVID-19 pandemic and India - the world's fastest-growing large economy until a few years ago - now looks to be headed for its first full-year contraction since 1980.

from News-Economic Times https://ift.tt/2QKC8B6