India’s economy shrinks by a quarter as covid-19 gathers pace

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First came the news that India had counted 78,000 new cases of covid-19 in one day. Then a record-breaking decline in economic output was announced

landed like fists in a one-two punch. First came the news that India had counted 78,000 new cases of covid-19 on August 30th alone—more than any other country has tallied in a single day since the pandemic began. The next day came the bill for the two-month lockdown that the government imposed in late March at only four hours’ notice. The National Statistical Office said that India’s output between April and June was 23.9% lower than in the same period the year before.

In hindsight, India’s government may have locked down too soon. The country had detected barely 600 cases of covid-19 by March. The ban on commercial activity and movement outside of the home was nearly total for two months. Test-and-trace programmes worked in some areas, notably the southern state of Kerala, but nationwide they have fallen far short of the standards set by some East Asian countries.

The number of Indians dying of the virus appears to be lower than might be expected, given the number of infections. The country’s 3.8m detected cases have led to just 67,000 known deaths. That is a low rate by global standards, although many covid-related deaths are thought to be going unrecorded around the world, making comparisons unreliable. A paper by Minu Philip, Debraj Ray and S.

 

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There is a way for India's output to drop by 23.9%, being another country around the world to pay more attention to the economy than people's health and the spreading of the coronavirus. They have lost the basic belief that the virus not only cost money but also lives.

poor India please wear a mask ,maybe it is uncomfortable ,but useful.

US GDP dropped 31%. Just saying.

lazyesque No surprise India’s economy has been struggling since Donald Trump came to the White House. He cut back on US charity to India.

IndiaWithkanganRanaut

This style of titling articles has got to stop.

Sad 😥 it's happening everywhere not just here?

What in the hell happened?

Locking down entire work force has resulted in economy declines what a surprise nobody knows how many would have died from coronavirus in India but one thing is certain deaths from resulting poverty and starvation from the severe lock down will be hundreds of times that figure

Have a nice day.

India is realising that it cannot afford 1.5 billion people without burdening the world with its problems.

Which came first? The chicken or the egg?

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