India now has the fastest growing coronavirus crisis, with more than 80,000 new infections reported each day. Quarter by quarter, India’s economic growth rate has been dropping, from 8% in 2016 to 4% right before the pandemic. People are scared to go out.”Fear of catching the virus seems to be a decisive factor in India’s economic crisis, extending beyond the lockdown. In Brazil and the US, the only countries with more coronavirus infections, the drops were less than half as severe. But the virus and the economy are intertwined, and India’s virus graph is a steady staircase, going up.

Source: bd News24 September 05, 2020 14:02 UTC