Also Read | Inside the mad scramble to comply with the new labour codesOver the medium term, progress on vaccinations, stronger global growth and lagged effects of easier financial conditions are likely to act as growth tailwind.
The growth recovery and policy normalisation may remain as themes over the second half of 2021.In response to rising cases, states have re-introduced restriction measures.
In Maharashtra (which accounts for close to 14% of the national GDP), the city of Nagpur entered a seven-day ‘complete’ lockdown from 15 March.
This comes on the heels of partial lockdown measures already in place for a number of districts in the state.Hotels, restaurants, cinemas and multiplexes are permitted to operate at only 50% capacity,.