That uncertainty doesn’t look to be going away in a hurry, with India adding more than 300,000 cases daily for at least three consecutive days last week, pushing the total infections to more than 16.5 million. While the outbreak has overwhelmed the nation’s hospitals and crematoriums, it’s also hit consumer confidence in an economy that was only beginning to recover from an unprecedented recession last year.
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Italy imposes travel ban from India over COVID variant
Many countries including Hong Kong, US, UK, Kuwait, France, New Zealand and Canada , have banned flights from India, citing COVID-19 cases and the “double mutant” virus being found in the country.
Iran, Kuwait, Indonesia and UAE are the latest additions to this list of countries that have banned India from their citizens’ travel lists.
India’s urban affluent hit by new virus wave after dodging first
With the so-called consuming class ravaged by the new wave, India’s growth is at risk because private consumption accounts for about 60% of India’s economy. The central bank’s consumer confidence survey is showing increasing pessimism on jobs and policy makers have said they stand ready to support growth in what is now the world’s epicenter of the pandemic.
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