Will take relook at GDP forecasts for FY20, FY21, but it's too early: CEA

"We clearly see a negative shock on the health side. Economically, there will be an impact"

Chief Economic Advisor Krishnamurthy Subramanian tells Arup Roychoudhury that economic activity is set to be hit as parts of the country have headed for a lockdown, at least till March 31, because of the spread of COVID-19. Edited excerpts:

How serious is this for the Indian economy? Can it be compared with events like the 2008 global financial crisis, in terms of impact? 

In the Indian context what I would say is, looking at the data and an event like this you always have to be very careful about tomorrow versus today. But based on data today, if you look at all