India's economy likely rebounded in the April-June quarter from a deep slump last year helped by improved manufacturing and in spite of a devastating second wave of COVID-19 cases. Asia's third-largest economy suffered one of the biggest hits among major economies, contracting 7.3% in 2020/ 21, after a nationwide lockdown early last year.... But the economy has not been as badly affected from the second wave in April-May this year due to less stringent lockdowns by state governments. However, m

Almost two-thirds of the households have taken on debt.Ms Devi's husband used to have a job in construction in the more prosperous state of Punjab to the north-west, which kept the family going.... PHOTO: REUTERS Sales of everything from biscuits, tea and lentils to auto parts have taken a hit, vendors say.... Some have shut down shops that their families have run for generations.Mr Gosh Mohammed, 43, used to sell up to 8, 000 rupees of groceries a day before the pandemic....

I didn't want to pay that higher interest and they threatened to auction my gold.... So I just shifted the gold loan to another bank.... They are also considered as an investment to tide families over possible tough financial times. India, which was the fifth largest importer of gold in the world last year, has been hit by two Covid-19, the second one this year even more devastating than the first....