India's CoronaCrisis in 3 Charts

(14 May 2020)  While the number of COVID-19 cases and deaths in India is low compared to the United States and Western Europe, the coronavirus lockdown in India that started on March 25, 2020, has had a powerfully negative effect on India's economy, according to the latest publicly available data.

  • The India Services Purchasing Managers Index fell to 5.4 in April, a sharp decline from 49.3 in March. Figures less than 50 indicate are broadly considered to indicate contraction in business activity.
  • Based on industry data sources, India's car market reportedly flatlined to zero sales in April.
  • According to a report from the Centre for Monitoring Indian Economy, India's unemployment rate increased to 23.5% in April compared to 8.7% in March. Within that figure are 27 million workers aged 20 to 30 years old, an unsettling statistic for any economy.

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