The economic outlook could worsen considerably if the Covid situation does not stabilise quickly and the states are forced to extend lockdowns. While some economists believe that the economy will not suffer as much as last year because both companies and governments have a better understanding of the situation, many brokerages have started downgrading growth projections to as low as 10 per cent on local lockdowns disrupting overall demand and supply and threatening the fragile recovery, notes our lead editorial
Quote
“Delhi’s hospitals are overwhelmed; 25,000 patients are coming in daily.”
Delhi Chief Minister Arvind Kejriwal
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