Hi Lawrence, I’m not sure about India but in Germany there never has been a real ‘lockdown’ nor has production been ‘suspended’. The German government estimates that GDP might fall by 7% this year which means that our GDP will reach the level it was at about 3 to 4 years ago. We are still producing way more than we really need consuming several times the amount of resources we are entitled to. We still confuse consumption with happiness. Elida has shared an excellent article on inequality here.
By the way, Germany has already passed its overshoot day.