Covid derails economy: 5 sectors that have been hit hard
India Today
The economic impact of the Covid-19 second wave has started taking a toll on many sectors. Here are five sectors that have been hit hard by during the second wave of coronavirus in India.
The economic impact of the second Covid-19 wave may not be as devastating as 2020, but it is gradually taking a toll on many financially important sectors. Several ratings agencies and brokerage houses have forecast India’s economy to bounce back soon after the second wave reaches its peak. A report by SBI economists suggests that India is likely to reach its peak by mid-May if vaccination efforts are ramped up. Even as efforts have been ramped up to break the chain of infections, the economic damage on some sectors could have a cascading effect on the medium-term growth outlook.More Related News