Q1 snapshot of the Indian economy: Attaining recovery will be a long haul

The severity of contraction in economic activities due to Covid-19 is declining, but sustainable recovery is far away still. A K Bhattacharya explains the problems and positives for the Indian economy

India’s economic performance in the first quarter of 2020-21 bore the full brunt of the Covid-19 pandemic and the consequent lockdown. The phasing out of the lockdown began from June even as the pandemic spreads across the country at a steady pace.
 
Hence, a broad sense of the impact of Covid-19 on the economy could be formed after assessing how the various indicators of the Indian economy fared in the quarter of April-June 2020. What’s more, the numbers for the first quarter will provide a hint to the likely trajectory of the economy in the following quarters.
 
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