Economics
India’s Rising Virus Cases Risk Denting Economic Recovery
- New daily infections crossed the 40,000-mark recently
- Central bank has described the recent spike as ‘ominous’
Commuters wait to board buses in Mumbai on March 21.
Photographer: Indranil Mukherjee/AFP/Getty Images
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A surge in coronavirus cases in India could hurt the economy’s recovery from a rare recession, as curbs to avoid a new wave creates delays in putting back to work millions who lost their jobs due to the pandemic.
In recent weeks, new coronavirus cases have shot up across India despite a rollout of a nationwide vaccination drive. Confirmed infections have risen to more than 40,000 daily from a low of about 9,800 in February, pushing the overall tally past the 11.5 million mark.