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The lockdown enforced across India on March 24 to prevent the spread of coronavirus put several small firms out of business and cast a cloud over the future of many others.

But heads turned when a start-up stalwart spoke about it. “If Covid-19 lockdown had happened in my childhood, my father's small business would have failed and I would have grown up in poverty instead of a middle-class household,” Flipkart co-founder Sachin Bansal wrote in a Twitter post on May 12. If COVID lockdowns had happened in my childhood, my father's small business would have ...