India's Services Activity Collapses: Survey
The coronavirus-triggered lockdown pushed the country's services sector to a standstill in April, according to a survey. The Nikkei/IHS Markit Services Purchasing Managers' Index plunged to 5.4 in April from 49.3 in the previous month, marking an unprecedented contraction since the survey first began over 14 years ago. Senior economist Arun Kumar shares his views on measures that can help in the revival of the ailing economy.
