India has announced a nearly 24% slump in its economy in the quarter ended June this year.

India is staring at its sharpest growth contraction on record. With more than five million Covid-19 cases so far, the country has announced a nearly 24 per cent slump in its economy in the three months to the end of June this year. Experts fear further disruptions in growth as businesses continue to bleed. So, what is the way out of this crisis? Would a revival in growth ultimately hinge upon a recovery in the pandemic curve? And how quickly can the Narendra Modi-led government get that under control to determine India’s economic fate? In this edition of WorklifeIndia, we discuss the impact of the contraction on Indian companies and consumers, and what can be done to revive India’s growth story. Presenter: Divya Arya Contributors: Mohit Malhotra, CEO, Dabur India; Preeti Reddy, CEO, South Asia, Kantar Insights; Gaurav Datt, deputy director, Centre of Development Economics, Monash University, Australia