India's contracting economy rebooting from coronavirus blow
There is almost no work, said Ratan, 46, who was working in a printing company before he returned to his home village in April. Before the pandemic lockdown, Ansari had a steady job at a garment factory in the industrial town of Manesar near New Delhi, earning $200 a month, he said. The economy still contracted an unprecedented 24% in the April-June quarter, with another downturn forecast for July-September. Before the pandemic lockdown, Ansari had a steady job at a garment factory in the industrial town of Manesar near New Delhi, earning $200 a month, he said. For India's nearly 70 million traders, who employ about 400 million people, an upturn could not come fast enough.