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Article: India Insights

Monthly update on India markets
14 May 2021
    Download the full reportPDF, 785.96KB

    Summary

    • A second wave of Covid infections began in India in mid-March, resulting in twelve consecutive days with daily cases above 300,000 by early May
    • This time, the central government is keen to avoid a full-scale lockdown and instead encouraged local governments to adopt more localised and targeted containment measures, to avoid too big an economic impact
    • India may reach a 70 per cent vaccination coverage ratio in the first quarter of 2022 – a condition that some experts forecast would bring about population immunity
    • It is expected that there will be some short-term disturbances in the economy but the fundamental factors bolstering the long-term growth trend remain intact