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Original title: The peak of the epidemic has not yet appeared, India is ready to stimulate the economy with a tenth of GDP
The peak of the Indian epidemic may not yet come, and the closure of the city will continue.
The current stage of India’s closure is nearing completion on May 17. Indian Prime Minister Modi has announced that the measures for the closure of India will continue, and the blockade from 18 will be called “blockade 4.0”.
India began implementing the national blockade measures on March 25. After two extensions, the national blockade measures have been in place for almost 50 days, which givesEconomic BeltCome a big shock.
To this end, Modi delivered a television speech on the night of the 12th, saying that India will launch a total of 20 billionIndian rupee(Approximately 1.88 trillionChinese yuan) Economic stimulus package.
International institutions generally predict IndiaFiscal yearThe economy is close to zero growth and may risk being downgraded by its sovereign rating.
The epidemic peak has not yet arrived.
According to the latest data released by the official website of the Indian Ministry of Health, as of 8 a.m. local time on May 14, the number of confirmed cases of new pneumonia in India has increased to 78,003. In the past 24 hours, India has recently diagnosed 3,722 cases. The trend will exceed 80,000 in the next 24 hours.
On April 14, the embargo was extended for the first time, and on that day 10,815 cases were diagnosed in India. On May 3, the blockade was extended a second time, and a total of 40,263 cases were diagnosed in India that day. On May 12, Modi announced that when the blockade was extended the third time, the total number of confirmed cases in India exceeded 70,000.
In India, confirmed cases of over 60,000 to over 70,000 took just two days, in part because India expanded its detection capacity, of course, also showing that the epidemic is accelerating the spread.
However, the video of Health Minister Harsh Vardhan on 12meetingIt is publicly stated that the cure rate of the new coronavirus in India is currently increasing and has increased to 31.7%.
Randeep Guleria, director of the Indian Institute of Medical Sciences (AIIMS), said last week that based on modeling data and the growth pattern of confirmed cases, the peak of the outbreak in India is expected to occur in June to July.
This came before the peak predicted by experts from the World Health Organization (WHO). WHO Special Envoy Dr. David Nabarroto acceptIndian media said in an interview that the Indian epidemic is expected to peak in late July, and then the growth curve tends to be flat. He also believes that more confirmed cases will appear after India lifts the national blockade, but overallMeetingKeep it stable.
plusGreat economyStimulus
Modi announced a stimulus plan of 20 trillion Indian rupees, which is equivalent to IndiaGDP(GDP) 10%.
Modi said the epidemic changed the worldindustryIndia should transform the crisis into an opportunity. He said that self-sufficiency is the best way out for India, and the five pillars of self-sufficiency in India are: economy, infrastructure construction, technology-based systems, demographic dividends andmarketdemand.
13, IndiafinancialMinister Nirmala Sitharaman announced many details. She said in this penmoneyIn terms of distribution, the Indian governmentSME,electric powercompany,notBankFinancial institutions and small amounts.Creditthe companyInject much neededLiquidity.
She emphasized again: “These measures will stimulate economic growth and help India become more self-sufficient.”
In India, the aid plan announced on March 26 for a total of 1.7 trillion rupees (approximately 159.7 billion yuan) is currently being implemented. Modi’s Rs 20 trillion plan announced this time includes Rs 1.7 trillion.
For the stimulus plan launched in India, Edelweiss FX and RateseconomistMadhavi Arora said: “Compared to other mainstream countries, India’s response so far has been tepid, so this quest to catch up is welcome.
The latest weekly report released by the private Indian Economic Monitoring Center on 12th shows that, due to the impact of the new coronary pneumonia epidemic and blockade measures, in April this year there were almost 27 million young people aged 20-30 in India.unemployment. At the same time, the number of unemployed people in the age group 30 to 40 in April was as high as 33 million, of whom 86% of the unemployed were men.
Ratings agency Fitch said last month that if India’s financial situation deteriorates further, the country’s sovereign rating could face downward pressure.
Standard & Poor’s last rating by another mainstream rating agency, India, was in February this year, when Standard & Poor’s stated that India is experiencing a cyclical rather than structural economic slowdown, and GDP growth is expected. of India be in the next two or three years. The long-term development trend inland has been restored.
(Editor in charge: DF520)
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