India’s economy may shrink amid soaring Covid-19 cases, analysts warn ...News

The latest surge of coronavirus cases in India is likely to drag down Asia's third largest economy, which has yet to recover from the pandemic-driven slowdown last year, economists say, revising earlier forecasts. India reported another 323,144 infections over the past 24 hours, bringing the country’s cumulative Covid cases to more than 17.6 million. Some states have introduced partial lockdowns or harsh restrictions, such as curfews. The first quarter of the fiscal year that begins in April is “clearly going to see a sequential growth hit,” according to Sonal Varma, chief economist (India) at Nomura, as quoted by CNBC. The analyst pro

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