India Economy And Strategy - The Second Wave To Postpone, Not Reverse, Growth Recovery: Anand Rathi
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Anand Rathi Report
The second wave has serious implications for India. The second wave of infections in India has been several times more virulent than the first.
Currently, there is no surety about the infection trajectory. Skepticism also prevails about the exhaustiveness of the data on infections and death.
Prolonged and stringent lockdowns during 2021 are strong possibilities.
Several factors to limit the impact on growth. Unlike in 2020, the lockdown now is restricting movement of people more than goods.
Most economic activities are now allowed with some restrictions.
Moreover, with faster technology adaptation, innovations, productivity improvements and support from the government the world has learnt to work despite lockdown.
High-frequency data show that the second wave is impacting India’s economic activities, but the extent is far less than in the initial days of the pandemic under the national lockdown.
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