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Monthly Policy Update – April 2021

The Indian economy faced its largest downturn ever, with the pandemic forcing lockdowns as the last resort to save lives. With cases increasing in the second wave of the COVID-19 outbreak, there is noticeable uncertainty amongst citizens for the near-term outlook, which is seen to be increasing by the week. But India’s vaccination drive, increased testing capacity, lower Infection Fatality Rate is likely to mitigate the impact.