3 min read.Updated: 02 Sep 2020, 07:22 AM ISTSiddhartha Sanyal
One expects that the focus on supporting MSMEs will likely be maintained
India’s June-quarter data reaffirmed the stark weakness in economic activities. Barring the August manufacturing PMI print, it seems that after the encouraging uptick in May and June, a majority of the high-frequency indicators have weakened to an extent in subsequent months, primarily reflecting the reimposition of partial and localized lockdowns, suggesting that contraction in growth looks set to prolong.
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