India on Wednesday said it would invest $40 billion into small-scale industries, which employ more than 60 million people nationwide, as part of efforts to revive its economy amid the coronavirus pandemic. Collateral-free, automatic loans would be given out to micro, small and medium-sized enterprises (MSMEs) within a four-year timeframe, Finance Minister Nirmala Sitharaman told a press conference in New Delhi. She added that 4.5 million MSMEs would benefit from ...