India, June 29 -- The spread of COVID-19 in India and the subsequent lockdown has led several agencies to update their Indian Economic growth projections. A couple of the large credit rating agencies see the Indian economy slowing in the H1 of 2020 but then experiencing a sharp rebound in the H2.
Mobility in India has been slow to recover. According to Apple's mobility app, the amount of movement throughout the country has been slow to recover. When compared to a period right before the lockdown in February, India's mobility is down 45%. This compares to approximately 85% at the lows in April.
Growth is Likely to Slow
The lack of mobility around the country has slowed the volume of exports, and also reduced imports. The latest import inf...