Indian economy contracted by record 7.3% in 2020-21

India’s economy contracted 7.3 percent in 2020-21, official data showed Monday, its worst recession since independence as coronavirus lockdowns put millions out of work. Asia’s third-largest economy grew by 1.6 percent between January and March — the fourth fiscal quarter — after exiting its first “technical recession” since 1947 following two successive quarters of contraction. […]