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India supercharged its economy 30 years ago. Covid unraveled it in a matter of months

India supercharged its economy 30 years ago. Covid unraveled it in a matter of months
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Thirty years ago, on a summer evening in late July, India liberalized its Soviet-style economy in a transformation that eventually pulled about 300 million out of poverty, fueling one of the biggest wealth creations in history.

Then came the world’s fastest coronavirus surge which left overflowing hospitals turning away the dying and crematorium smoke

Read more at:
https://economictimes.indiatimes.com/news/economy/indicators/india-supercharged-its-economy-30-years-ago-covid-unraveled-it-in-months/articleshow/84223449.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

SOURCE: THE ECONOMIC TIMES

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