India’s Economic Recovery After the Lockdown

In March 2020 India ordered a country-wide lockdown and stopped most people from working so that most would remain indoors. This was possibly the world’s largest lockdown for the coronavirus till date. In June 2020, the country started to ease their restrictions which resulted in the Indian economy improving quite rapidly in the months that followed. But the forecast for the economy to bounce back to how it was before the lockdown isn’t clear.

So, for Chicago Booth’s Rustandy Center for Social Sector Innovation, Booth’s Marianne Bertrand and Rebecca Dizon-Ross, Centre for Monitoring Indian Economy’s Kaushik Krishnan, and University of Pennsylvania’s Heather Schofield examined household-level survey data to establish a more comprehensive view of India’s economic recovery.