In India, new coronavirus infections hit a daily record of 184,372. Hardest hit is the country’s economic engine: the state of Maharashtra and its capital Mumbai, where a lockdown aims to curb the spread of infections. But it also cripples businesses and those struggling to make ends meet.
Mumbai is the capital of one of India’s richest and most industrialized states. And leader of the country’s exploding COVID-19 resurgence. Now a tight lockdown has been extended to weekends. Some say its choking businesses and livelihoods.
The impact on the broader economy has been considerable too. Industrial output contracts fell 3.6% in February, faster than expected and giving fuel to concerns that the economy is slowing.
Not all states in India haven’t implemented a lockdown. And now there are fears that unless this second wave is brought under control fast, it could dash hopes of a swift recovery in one of the world’s fastest growing economies.
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