Forced savings during lockdown to aid India’s borrowings: HSBC

As India emerges from one of the world’s longest shutdowns to check the pandemic’s spread, Prime Minister Narendra Modi is under pressure to spur growth in the economy. Activity came to a standstill as almost all of the nation’s 1.3 billion people stayed at home since March-end, setting the economy on course for its first annual growth contraction in four decades.

from Economy-News-Economic Times https://ift.tt/2Y1FqmS