|
|
|
|
|
|
|
|
|
|
  
|
|
|
|
|
|
|
|
|
|
|
News Headline : > Govt working to face pandemic, keep running country’s economy: PM   > UN, Red Cross hail Yemen gov`t-Houthis prisoner deal   > Peace in Afghanistan: A hasty international withdrawal would be unwise   > 9 Serbs held over 1992 Bosnia killings of Muslims   > PM mourns loss of lives, injuries at N’ganj mosque’s AC explosion   > Iran condemns sacrilegious cartoons by French magazine   > Swiss test pilot claims 1st sky jump from solar plane   > PM`s relief assistance to Ramgati victims of Meghna tide   > Turkey proceeds resolutely in defense industry: Erdogan   > Maheshkhali Upazila Shilpakala Academy Executive Council Election Completed  

   Business
India’s economy set to fall behind Pakistan, rest of South Asia as COVID-19 surges
  22, September, 2020, 8:10:58:PM

Business Desk: India has failed to contain the spread of the COVID outbreak. The outbreak’s implications are going to be huge for the country with the economy bearing the brunt of the pandemic’s fallout. As of now, COVID-19 cases in India have crossed 5 million and there is no evidence to suggest whether the surge has reached its peak yet. India has the second-highest number of COVID-19 cases globally, after the US.
A report by the Capital Economics Ltd has warned that India’s approach has been ineffective in dealing with the crisis, meaning the virus’s surge will see the country’s economy lagging behind the rest of South Asia.

“New cases per capita in these three economies are far lower than in India,” Shilan Shah, senior economist at Capital Economics in Singapore told the Print. “This has enabled a faster rebound in activity.”

The report further said that the pandemic’s impact on Bangladesh, Pakistan and Sri Lanka’s gross domestic product is not going to be stern as these countries have done well to contain the crisis. However, India is expected to “post a double-digit slump” as the country’s economy comes under huge pressure due to shutdowns.

On the other hand, Pakistan has fared well with the smart lockdown strategy. According to Our World in Data figures, Pakistan has made real progress in getting the virus under control. Islamabad’s approach to containing the virus has also been lauded by the World Health Organization and other organizations globally.

“Pakistan’s timely response to Covid-19 is the best in the region but it still needs to enhance testing of people and strictly observe physical distancing measures, wearing masks and washing hands, especially during the upcoming Eidul Azha,” Dr Palitha Mahipala, the WHO country chief said.
Source: BR, India



  
  সর্বশেষ
Former Lebanese premier tasked to form next government
Turkey invites neighbors in Aegean, E.Med to dialogue
Azerbaijan is right in its cause: Turkish VP
Turkey opposition urges visit to E.med research ship

Chief Advisor : Md. Tajul Islam Editor : Fatema Islam Tania Executive Editor : MM Rahmatullah.
Address : 219 Fakirerpul (1st Lane) Motijheel Dhaka-1000.
Phone : 02-7193878 Mobile : 01912-354555 E-mail : muslimtimes19@gmail.com
Developed By : Dynamic Solution IT   Dynamic Scale BD