Category:

Eco/Invest/Demography

Fourth COVID wave: Infection spreading faster, high-grade fever, affecting younger population more

‘The younger population goes out for work, uses public transportation and hence, there are more chances of coming into contact with others. Many people are still not wearing masks or maintaining social distancing, which has contributed to the rise in cases,” said Suranjit Chatterjee, a senior consultant at Apollo Hospitals here.

read more

Businesses in India’s richest state choke under new COVID-19 curbs

“One month (of lockdown) is equivalent to about $5 billion of revenue for retailers from just Maharashtra,” Kumar Rajagopalan, CEO of the Retailers Association of India, told Reuters. “We are talking about 1.2 million stores and 5 million jobs.”

Rajagopalan said store shutdowns will hit sectors such as manufacturing, distribution and banking and have a snowball effect on the economy.

read more