India, April 18 -- India imposed one of the strictest lockdowns in the world when the Covid-19 pandemic struck last year. This took a heavy toll on the economy. Gross Domestic Product (GDP) contracted by a massive 24.4% - the largest among major economies in the world - in the quarter ending June 2020. The 2020-21 GDP is expected to contract by 8%. The economy started to improve once restrictions were eased. GDP growth returned to positive territory in the quarter ending December 2020. The sequential recovery prompted claims of a V-shaped recovery in the economy. Most forecasts, institutional and private, expect the economy to grow in double digits in 2020-21 and surpass the 2019-20 GDP....