IThe coronavirus pandemic has strangled one of the most powerful engines of economic growth in the world: spending by India’s 1.3 billion consumers. The country’s gross domestic product shrank 7.5% last quarter compared with a year earlier, India said Friday, as Covid-19 has transformed the world’s fastest-growing economy into one that is now among those contracting the fastest . With more than 9.3 million people infected and 135,000 killed by the virus, India has been hard hit by the pandemic . Even after the nation started ending its lockdown in stages in May, people have been staying home, conserving their rupees […]