(Video) Rajya Sabha TV (RSTV) The Big Picture: Economic Impact of Second COVID Wave

Topic: Economic Impact of Second COVID Wave

Guest:

Dr. Subhash Chandra Pandey, (Financial Adviser, Ministry of Commerce and Industry)
A. K. Bhattacharya, (Editorial Director, Business Standard)

Topic Description:

India is witnessing a massive second wave of coronavirus infections. The daily new cases are touching an-all time high, overwhelming our healthcare systems.

A number of high-cases load states are under lockdown or other restrictions like weekend and night curfews.

While there is no indication of a national lockdown like last year, with the Prime Minster himself calling it a last resort, there is fear that the second wave may extract a large economic cost.

The week gone by has been an indication that the current wave of the outbreak is much bigger in scale and severity and could lead to more uncertainty in the economic environment.