India to exit lockdown in phases even as coronavirus infections surge

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India to exit lockdown in phases even as coronavirus infections surge
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NEW DELHI (BLOOMBERG) - India announced a phased lifting of the nationwide lockdown by allowing malls, restaurants and places of worship to open from June 8, as the country attempts to revive an economy ravaged by the world's toughest stay-at-home restrictions.. Read more at straitstimes.com.

NEW DELHI - India announced a phased lifting of the nationwide lockdown by allowing malls, restaurants and places of worship to open from June 8, as the country attempts to revive an economy ravaged by the world's toughest stay-at-home restrictions.

The exit plan comes even as India, which has the most number of infections in Asia, has been unable to flatten its curve despite the restrictions, leaving its already troubled economy in deep disrepair. The country's strict restrictions forced some 122 million people out of jobs in April alone, according to estimates by the Centre for Monitoring Indian Economy Pvt. and is likely to push at least 12 million people into extreme poverty, according to World Bank estimates.

"However, in view of the prevailing sentiments the scaling up will be gradual and shall factor in the sensitivities of all stakeholders," Kumar said in response to a query.

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