Despite having the world’s third-highest caseload, India’s cases are growing faster among the 10 worst-affected countries. In fact, India has one of the world’s highest growth rates in cases; just 18 countries out of nearly 200 are growing faster, but all of them (except Argentina with 150,000 cases) have only a few hundred or few thousand cases. In the worst-affected US, cases are doubling in 40 days, while in Brazil, they are taking 36 days. In India, cases are doubling in 19 days. Read more here
The Indian economy is now likely to contract this quarter and next and in this fiscal year as a whole, according to a Reuters poll of nearly 60 economists. Growth had been expected for all of those periods. “India’s failure to contain the spread of the coronavirus, and the government’s underwhelming support package for firms and households, means the economy will suffer its largest drop in output on record this year,” said Darren Aw, Asia economist at Capital Economics in Singapore. Read more here
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