India has recorded more than 65 lakh of coronavirus cases.
New Delhi:
India may have “crossed the peak of the coronavirus case burden,” the Finance Ministry said in its September economic review report, emphasizing that “the consequent resurgence in demand is palpable in many sectors,” as the The country eases the restrictions that were established to control the spread. virus.
“Data for the 14-day period 17-30 September suggests that India may have crossed the peak of Covid-19 case burden. During this period, the seven-day moving average of daily positive cases has steadily declined from approximately 93,000 to 83,000 while the seven-day moving average of daily tests has increased from approximately 1.15,000 to 1.24,000, “the ministry’s monthly report highlights.
India, the second worst affected country in the world by the pandemic after the United States, has so far registered more than 65 lakh of Covid cases; more than 1.01 lakh of coronavirus patients have died. The country reported its first case on January 30.
However, the pandemic is far from over, warns the report from the Ministry of Finance.
“However, the decline in the positivity rate across India sets the stage to further push the frontiers of economic recovery. To this end, all stakeholders must act as the remaining restrictions are further eased. on access and mobility “. has stressed even more.
“India has the highest number of active COVID cases to date. The growth of active cases fell to -0.4% on September 30 compared to 1.65% on August 31 and the recovery rate of the 83.5% as of September 30 “, underlines the report entitled Monthly Economic Review of the Ministry of Finance, September 2020.
On September 30, Bihar, Andhra Pradesh and Tamil Nadu reported a recovery rate of more than 90%; West Bengal, Delhi, Uttar Pradesh Gujarat and Rajasthan all reported recovery rates of over 80 percent, it says.
“The case fatality rate continued to decline to 1.6%, and the major hotspot states posted a downward trend. COVID-19 testing has expanded significantly since June in Andhra Pradesh, Arunachal Pradesh, Goa, Delhi, Assam, Jammu and Kashmir. Tripura and Tamil Nadu show good progress, “according to shared data.
Suggesting that India’s economy, hard hit by the pandemic, is showing signs of recovery, he says: “Economic indicators hint at a steady recovery in almost all sectors, with some sectors shooting above their previous year’s levels. This is despite headwinds from rising COVID cases in non-metropolitan cities and rural areas and rising food prices. “
“The positive results of the implementation of the AatmaNirbhar Bharat (AB) package and the unlocking of the economy are evident in India’s real high-frequency sector indicators for September,” the monthly review, referring to Prime Minister Narendra Modi’s call for Atmanirbhar Bharat or self-reliance India noted.
According to the new data, “Demand indicators are gaining momentum with sales of passenger cars, two- and three-wheelers recovering to the levels of the previous year in August, indicating a repressed demand and an increase in the mode of private transportation due to Covid-19. “.
“The growth outlook has improved significantly in September with GST collections rising to a six-month high at Rs 95,480 crore, posting positive year-on-year growth of 3.9 percent,” it says.
India’s gross domestic product or GDP contracted 23.9 percent in the April-June period, official data released in August showed.
“The growth outlook has improved significantly in September with GST collections rising to a six-month high at Rs 95,480 crore, posting positive year-on-year growth of 3.9 percent,” it says.
India’s gross domestic product or GDP contracted 23.9 percent in the April-June period, official data released in August showed.
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