The insights and estimates contained in this report were formulated prior to the World Health Organization’s declaration, on 11 March 2020, of a global pandemic relating to the currently proliferating strain of novel coronavirus that has come to be known as COVID-19.
The COVID-19 pandemic has affected the Indian economy, consumer behavior, and the investment decisions of firms. In late March, Prime Minister Modi declared a three-week “lock-down”. Air travel has been restricted and individual city governments have ceased public transport services in many cases.
