Businesses providing services of everything from technology to travel and trade were the first to be hit when the government took unprecedented steps to lock down From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.
Businesses providing services of everything from technology to travel and trade were the first to be hit when the government took unprecedented steps to lock down a nation of 1.3 billion people to stem the pandemic’s spread.
Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in