India sleepwalking into a Covid-19 disaster - Asia Times
▻https://asiatimes.com/2020/06/india-sleepwalking-into-a-covid-19-disaster
In India, the main factor behind the relaxation was loss of income and livelihood, disruption of supply chains, halting of plant and machinery that would take a few weeks to even get operational and the movement of workers who defied the lockdown rules and walked hundreds of kilometers back to their villages. The economic outlook is grim. India’s central bank has predicted negative growth in the full year to March 2021. Global securities firms have forecasted that growth would shrink 5% in the full year. Former chief statistician of India Pronab Sen estimated more extremely that growth would shrink by more than 11.5%.
“The Covid-19 crisis brought the world to a stop. We paused to save lives but now we need to start again to save livelihoods,” Sajjan Jindal, chairman of the US $14 billion JSW Group was cited by Press Trust of India as saying. Jindal said the economic implications of the lockdown could be severe
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