India’s PMI readings for April suggest that economic activity has held up fairly well despite the latest set of containment measures. But with virus cases still extremely high, tighter and wider-ranging restrictions look highly likely, which will have a more substantial economic impact. Aware of the mounting downside risks, the RBI has just announced an array of measures to help borrowers and ensure financial stability, and has left the door open for a further policy response if the situation worsens.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services