The human toll on India from Covid-19 has been horrifying (Greig Cameron writes). The wave of infections that gathered pace during the spring is thought to have peaked, but India is still registering a thousand deaths per day. And this in a country that, until the onset of the pandemic, had been seen as one of the fast-growing Asian economies that would fuel global growth. The coronavirus has forced, if not a rethink, then a review of such prospects.
While the Indian economy went into the pandemic buoyed by domestic consumption, its trade performance and investment trends were relatively weak. Now economists believe that the recovery from the impact of the virus in India will be limited until Covid-19 is seen to be under control.
