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India's Economy pre and post Covid-19(Corona) pandemic

Before Corona (Covid-19) Pandemic

By Feb 2020, India had seen six successive quarters of declining GDP growth equalling the longest slowdown in the past 23 years. The GDP growth in second quarter of FY19-20 fiscal shrunk to 4.5% from 5% in the previous quarter. This was the sixth straight drop in India's quarterly GDP growth. 

The slowdown was expected to be the third slowdown since 1996 and will be the longest in the past 23 years if the Q3 GDP falls below 4.5%.


Note: From January 2015, the Central Statistics Office (CSO) updated base year for GDP calculation to 2011-12, replacing the old series base year of 2004-05.


After Corona and 5+ weeks of lockdown

 During the Corona crisis and 5+ weeks of lockdown in response to contain it, we have already seen significant impact to Indian economy in various forms. Sensex and Nifty indices have crashed nearly 30-35% and BSE 500 stocks have crashed nearly 50% (before Corona, it had already crashed 50%) and many sectors have already seen significant impact, slowdown or complete halt of the economical activities.

World Bank has already cut down the FY21 growth to 1.5-2.8%; slowest since economic reforms three decades back.

Here is my own assessment of impact of Covid-19 and 5+ weeks of lockdown in India to India's Economy and each sector and how soon the recovery of each sector is likely to be.



Please do share your comments, if any.




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