The decision suggests that policymakers fear that a premature easing could undo the progress made so far in containing the covid-19 threat Just as Indians were awaiting the first signs of a return to normalcy, the Centre on Sunday revoked its permission for e-commerce firms to resume non-essential supplies on 20 April.
Such home deliveries will now have to wait until after the end of the lockdown on 3 May. The decision suggests that policymakers fear that a premature easing could undo the progress made so far in containing the covid-19 threat.
However, it delays a revival in economic activity and worsens the risk of a recession this fiscal. All forms of spending must begin for aggregate demand to look up.