HOW COVID-19 SECOND WAVE THREATENS INDIA'S ECONOMY-EXPLAIN IN DETAIL
Dear student,
Although second wave of covid -19 has impacted the health infrastructure very severely but its effect on economy would be moderate as compared to last year.
The ongoing Covid second wave is threatening India’s economic growth. India’s GDP growth rate may fall to 9.8 per cent, if the ferocious second wave of Coronavirus infection peaks by May-end. However, if the pandemic peak is reached by June-end, then the GDP growth rate is likely to drop to 8.2 per cent. So far, the base GDP growth forecast for fiscal 2022 is pegged at 11 per cent, with risk firmly tilted downwards.
Regards
Although second wave of covid -19 has impacted the health infrastructure very severely but its effect on economy would be moderate as compared to last year.
The ongoing Covid second wave is threatening India’s economic growth. India’s GDP growth rate may fall to 9.8 per cent, if the ferocious second wave of Coronavirus infection peaks by May-end. However, if the pandemic peak is reached by June-end, then the GDP growth rate is likely to drop to 8.2 per cent. So far, the base GDP growth forecast for fiscal 2022 is pegged at 11 per cent, with risk firmly tilted downwards.
Regards