Did the lockdown lead to the GDP shocker? Not quite.

India’s GDP contracted nearly 24% in the April-June quarter of 2020 (compared with the same quarter in 2019). While this is the outside edge of most estimates, it is likely to be an underestimate, as unorganised sector data is not fully accounted for. Furthermore future revisions will likely be downwards as data from a larger …

Continue reading Did the lockdown lead to the GDP shocker? Not quite.

Locking down the truth

In his 14 April 2020 announcement of the extension of India’s lockdown, Prime Minister Narendra Modi stated that his government had been proactive in its response to the COVID-19 pandemic. https://youtu.be/F07fXd4vVlg?t=317 He made four claims (listen from 5:19): “When we didn’t have even one case of coronavirus, India had started airport screening of passengers arriving …

Continue reading Locking down the truth