The Great Indian Lockdown (November edition) — All you need to know

For India, the COVID-19 (C19) story is not yet over. Although the number of cases reportedly peaked in September, avoiding a second wave (at the country level) is of utmost importance. A series of lockdowns and staggered reopening phases have had a deep impact on the economy. Even as some of the high-frequency indicators return to pre-C19 levels, both the Indian government and the Reserve Bank of India (RBI) continue to fight the pandemic-induced economic challenges. Consensus is that growth contraction in FY2020 is inevitable — a deep contraction in 1Q anda relatively moderate fall in 2Q, with chances of a turnaround in 3Q.

In this chart book, we assess a mix of macro and alternative data to help understand the impact of the pandemic on the economy through easy-to-read illustrations that cover the various phases of lockdown and reopening. We also offer a unique representation of high-frequency proxy indicators to gauge economic uncertainty and recovery.

Acuity Knowledge Partners’ Macro team will track developments in the Indian economy (covering the impact and recovery) in a series of fortnightly publications.

Key Takeaways:

  • The lockdowns were imposed mainly to reduce mobility in an effort to limit the spread of the virus. Restrictions have been relaxed now, and mobility is increasing

Originally published at https://www.acuitykp.com.

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/