Unplanned lockdowns slow economic recovery as unemployment rises

Economy already headed for its worst slump in more than four decades, with the International Monetary Fund estimating the nation's GDP will shrink 4.5% this year.

India’s economic activity monitors are beginning to flatline just months after showing signs of returning to life.

Latest data from Apple Inc. and Alphabet Inc.’s Google showed mobility suffered in recent weeks after notching up an increase since May, when Asia’s third-largest economy began exiting a nationwide lockdown to contain the coronavirus outbreak. Elsewhere, high-frequency indicators from purchasing mangers’ surveys to fuel sales show growth plateauing in July. And that’s not all.

Tax collection has moderated, while a measure of inter-state movement of goods traffic by road and rail has shown little change. Data from private research firm, Centre for