- There is no doubt this current second COVID-19 wave will leave a dent in India’s economic recovery, which could last for 1-2 quarters.
- While the COVID-19 situation in India is serious with case numbers spiking across the nation and hospitals under stress, reaction to this second wave has been swift, with the population being much more vigilant and following COVID protocols.
- Our belief is that the impact to gross domestic product growth for fiscal year 2021 owing to the second COVID wave is likely to be in the range of 1-2%.
- Overall, we expect India’s economic recovery to continue over the course of 2021 as economic activity gradually settles toward pre-pandemic levels.
For further details see:
India's Economic Recovery To Continue In 2021; COVID-19 Second Wave Main Risk