"Covid-19: How the second wave threatens to nip India’s economic recovery in the bud"

20th Apr,2021

"Covid-19: How the second wave threatens to nip India’s economic recovery in the bud"

Just as the nightmare that was 2020 was weakening within the rear read mirror, with cases easing and a nationwide vaccination drive selecting pace, Covid-19 has come back roaring back with a revenge. Asian nation is presently adding nearly 1,000,000 cases each four days and concern reigns across the country. Lockdowns are being obligatory from metropolis to metropolis to metropolis and businesses are turning uptight. we glance at four key sectors — car, prescription drugs, consumer goods and aviation — to envision the country’s economic pulse.

Despite being battered by the national internment last year and continued lockdowns in several areas, several key sectors had bounced back and were troubled to address the repressed demand that had been unleashed. Things were wealthy — the pandemic had mitigated significantly with daily cases at a fraction of their peak levels and a nationwide vaccination drive on fully earnest. The nightmare that was 2020 was weakening within the rear read mirror. The second wave of the Covid pandemic, however, is threatening to bring that recovery to a grinding halt. we glance at however four key sectors — car, prescription drugs, consumer goods and aviation — are faring because the country records over 250,000 cases on a daily basis. A six-week internment last year meant closed factories and 0 sales; a primary ever. However, although the unlocking method that followed was gradual, the recovery in sales was fast and sudden.Though the world overall recorded a virtually fourteen % come by volumes at 18.61 million units in FY21, a faster-than-expected turnaround through the gala season and on the far side saw car firms scramble to boost production. All FY21 launches saw waiting periods starting from 3 months to eight months. The shortage of semiconductors lame output and other to the sector’s woes. however even 3 worth hikes didn't dent demand. Companies, however, are troubled concerning the