second wave in India may see a limited economic impact, analysts said lockdowns will slow down business activities and will lower spending/income.Sectors such as hotels, aviation, consumer retail, tour and travels, multiplexes and high beta sectors like autos, financials, select consumer discretionary are expected to be worst impacted, according to analysts.
As consumers are unlikely to replace their one-year-old air- conditioner units and cookware again in 2021, several sectors that had benefited from pent-up demand last time won’t have the same demand support, analysts added.Amit Shah, Head of India Equity Research, BNP Paribas said that lockdown impact will be similar like we saw last time in terms of consumer response, however the.