COVID-19 lockdown due to logistic issues in March-June, is expected to rebound in the second half of the calendar year 2020, said analytics firm Fitch Solutions in its latest report.The central government imposed a strict nationwide lockdown from March 25 to April 30, and then a partial lockdown in May to prevent the spread of coronavirus."These measures were eased in phases from June 8 despite a continued surge in domestic COVID-19 infections, in order to protect livelihoods.
We note that some states will remain in lockdown beyond May, which will continue to disrupt the economy and agribusiness operations," it said.Stating that the farm trade was greatly disrupted during the lockdown due to logistic issues, Fitch Solutions said both.