4 ways economic recovery can be hit by rising Covid-19 cases

Though India’s economic recovery has been termed as impressive by a number of rating agencies, several experts have mentioned that a second wave of Covid-19 could disrupt India’s economy in the near term.

A second wave of Covid-19 has hit many states after an initial surge was reported in Maharashtra. On Wednesday, official health ministry data indicated that India’s daily Covid spike was the highest in over four months. The sharp rise in daily cases has already led to localised lockdowns across several states, aimed at preventing a rapid surge. However, if cases continue to increase at this rate, it would not be long before the daily figure crosses the 50,000-mark. In such a scenario, state governments may have to impose stricter restrictions despite the ongoing vaccination efforts. And this could severely disrupt India’s economic recovery in the near term.