In India, ever since the sudden lockdown brought all economic activity to a screeching halt, all hopes of a turnaround have come to be pinned on an easing of restrictions.
Easing began in May in stages and for some time, economic data was showing signs of a recovery in business activity. But as the lives-versus-economy dilemma enters a more critical stage, these signs are now waning.
Even as the government clutches at straws in search of potential game-changers, the gradual easing of lockdowns has sparked hope in some quarters. But what will come to the economy's rescue after the reopening relief fades, remains entirely uncertain.
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