India’s Quarterly Economic Outlook: Motilal Oswal

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Motilal Oswal Report

March 2021 marks the one-year anniversary of the first Covid-19 lockdown.

Exactly a year ago, the dreaded virus forced us to stay at home. While we were planning to clean the dust off our official attire, a second wave has hit us.

Although Maharashtra, India’s largest state, is witnessing a terrible rise in Covid-19 cases, the second wave is still limited to only a few states.

The lack of universality of the second wave and the experience of economic costs due to strict lockdowns has made policymakers more patient and relaxed in their actions this time.

Though the hope is that the situation doesn’t go out-of-hand this time, it certainly imparts downside risks to economic projections at this stage.

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