WEBINAR ON DEMAND

Webinar Overview

India’s real GDP increased by 20.1% y/y in Q2 2021 on account of low base from the previous year. However, the quarter was marred by a second wave of COVID-19, which led to localised lockdowns across the country. Hence, the growth figure is below what it could have potentially been in the absence of the second wave. The low base effect masked the real impact of the second wave but dampened the economic recovery process. Despite an acceleration in vaccinations in the country, India is unlikely to keep up the recovery pace if another wave hits the nation. 

ISI Emerging Markets Group India Research Economist, Rohini Sanyal, explores the performance of the economy in Q2 2021, and what the high-frequency indicators of the economy are signalling at present.