COVID 19 Wave 2.0 likely to halt FY22 GDP India Growth
Vaccination to Shave Off 30bp from FY22 GDP Growth India Ratings and Research (Ind-Ra) believes the second wave of COVID-19 infections will be less disruptive than the first wave, despite the case load per day reaching more than 3.0x of the peak level attained during the first wave. This is because the administrative response is likely to be confined to .the regional/local lockdowns and containment zones. Moreover, unlike the first wave, the administrative response is not abrupt, and is unfolding gradually in a graded manner, also, households. Businesses and other economic agents are better prepared and there is a significant amount of learning by doing, which can help them withstand and navigate through the second wave of COVID-19 crisis. Lastly, the roll-out of COVID-19 vaccine since 16 January 2021 would enhance safety and reduce the fear element among the vaccinated economic agents. Till 21 April 2021, 132.33 million vaccine doses have been administered. Since 1 May 202