Strict containment measures in response to the coronavirus outbreak in India will have severe economic repercussions. We think the economy will grow by just 1% in 2020, which would be the weakest pace of annual growth in four decades. And while the RBI has emphatically responded with aggressive monetary loosening, large-scale fiscal stimulus is also needed to support the most vulnerable during the lockdown and to prevent the drastic economic slowdown from morphing into an outright contraction in annual output.
We have compressed this edition of the Outlook to focus it on the most timely indicators.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services