Economic activity down in April-May due to lockdown, situation less severe by 2020: Fitch

Economic activity decreased in April-May

Economic activity decreased in April-May

Fitch Ratings said on Monday that the second wave of the Kovid-19 pandemic caused economic activity in April-May, but the setback would be less severe than in 2020.

New Delhi: Fitch Ratings said on Monday that the second wave of the Kovid-19 pandemic caused economic activity in April-May, but the setback would be less severe than in 2020. With this, Fitch said that because of this there is a possibility of delay in reform. The global rating agency said that there are increasing indications that the wave of Kovid infection may increase the risk to financial institutions and it is estimated that the Reserve Bank of India (RBI) may take additional measures to help the financial sector. Fitch said in a report, “We expect the latest wave of pandemics in India to cause less damage to economic activity than in 2020, even though the outbreak of infection is greater than before … Still the indicators in April-May activities Shows a shortfall in it, which may delay the improvement. ” Also read: ‘Covaxin’ supply will be fast across the country, India Biotech will send vaccine directly to 14 states including Delhi More than 4 lakh cases are coming.After over four lakh new cases of corona virus infection for four consecutive days, 3,66,161 cases of Kovid-19 were reported in India on a single day on Monday and with this the total cases of infection in the country increased to 2,26,62,575. Have become. Ministry released data According to the updated data of the Health Ministry till 8 am on Monday, the total death toll rose to 2,46,116 after 3,754 more people died due to infection. The number of under-treated cases in the country has increased to 37,45,237, which is 16.53 percent of the total cases of infection, while the rate of recovery of infected people is 82.39 percent. According to the data, so far 1,86,71,222 people have been cured after being infected, while the death rate is 1.09 percent.




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