50 days of lockdown: Indian markets are among the biggest losers globally

Fifty days into the lockdown following the coronavirus pandemic, India's economic growth has only worsened. Except for some good news such as the 45 per cent fall in crude oil prices and 10-year government bond yields falling by 57 basis points since the start of March, almost all leading indicators have worsened.

For instance, auto sales were almost zero for the month of April, and companies are still limping back to produce vehicles. The average power demand after lockdown, compared to demand during March