Compared to several peers, India has been behind the curve in shaping an effective economic response to the covid-19 shock As the novel coronavirus spreads across the world, it is becoming increasingly clear that a large part of the world will remain under lockdown for months to come.
Any exit from the lockdown is likely to be partial and provisional. Even countries such as Singapore and Japan, which seemed to have contained the pandemic in the early days, have introduced harsh lockdown measures over the past week to deal with a second wave of infections.
In India, most state governments, including Kerala (which has had some success in containing new infections over the past couple of weeks), are not prepared to end the lockdown fully any