The reopenings come after India's economy shrank faster than any other major nation’s, nearly 24% in the last quarter. India's economic pain dates to the demonetization of the nation's currency in 2016 and a hasty rollout of a goods and services tax the next year. But the strict virus lockdown that started on March 24 further exacerbated the economic woes. When Prime Minister Narendra Modi ordered everyone in the country to stay indoors, the whole economy shut down within four hours. The unprecedented migration not only hollowed out India's economy but also spread the virus to the far reaches of the country.

Source: Daily Sun September 07, 2020 06:00 UTC