A close look at India’s financial relief package raises questions over the true size of the stimulus and the potential effectiveness of the measures announced by the government The apocalyptical drop in April’s Purchasing Managers’ Index and the staggering 16.5% drop in March industrial production when only one week was under lockdown should be ominous indicators of the unprecedented scale of economic damage India might face.
Quarantine measures are being eased, but the lockdown in the “red zones", which account for a large part of India’s gross domestic product (GDP), could well be extended as the covid infection rate has shown no discernible sign of peaking.
Read more on livemint.com