As the second wave of COVID19 infection is spreading across the country, state after state is announcing restrictions or lockdown even though a nationwide lockdown has been avoided. The outbreak is no longer concentrated in a few states or even in urban areas as were earlier thought. As the wave spreads, the Indian economy will likely see a sequential contraction in the April-June quarter. The impact is expected to be diverse, non-concurrent and hopefully less enduring but it will not be trivial Read more...