Covid-19 lockdown: May take two or three quarters for normalcy to return

We need to get used to the "new normal" now and calibrate our expectations accordingly

The markets are bound to react negatively following the extension of the lockdown till May 3, as it could exert further pressure on the economy pushing back the recovery. As of now, most economists had predicted a low single-digit growth, but with an extension in lockdown, de-growth can become a reality.

The local economy needs to restart. This is extremely critical as we get into the Rabi crop harvesting season. Secondly, the smaller businesses are the ones severely affected and it would give them a chance to bounce back. Cities like Mumbai and Delhi can still afford to have a