India’s economy shrank 7.5% in the three months that ended in September compared with a year earlier, government figures showed Friday. Businesses like Das’ form the backbone of India’s still-developing economy. But India’s economy was facing headwinds well before the pandemic. His government has also tightened rules around e-commerce, to assist Indian businesses that compete with companies like Amazon and Walmart. “The worst,” said Anbumozhi, the economist, citing the potential impact to small business in particular, “is yet to come for India.”©2020 The New York Times Company

Source: bd News24 November 27, 2020 15:45 UTC