COVID-19 pushes India’s middle class toward poverty

Noida: Ashish Anand had dreams of becoming a fashion designer. A former flight attendant, he borrowed from relatives and poured his $5,000 life savings into opening a clothing shop on the outskirts of Delhi selling custom-designed suits, shirts and pants. The shop, called the Right Fit, opened in February 2020, just weeks before the coronavirus […]

Fiscal package may be on cards to maintain India’s economic recovery amid Covid resurgence

New Delhi: A fiscal stimulus package may be on the cards again as the government looks at ways to prevent the present surge in Covid-19 cases and the ensuing restrictions imposed by the states from derailing the economic recovery. After last year’s lockdowns, which resulted in the country’s GDP contracting by (-) 23.9 per cent, […]