But the overall economic impact of the third wave of infections is expected to be less severe and less disruptive compared to the previous two waves.
India reported 247,417 new infections over a 24-hour period on Thursday, with the daily positivity rate — which measures the share of Covid-19 tests that are positive — at 13.11%.So far, India has identified 5,488 cases of Covid infections that were caused by the new, highly contagious omicron variant that was first detected by South African scientists.
We expect far less economic damage from the current outbreak compared to the first two waves of infections as the economy has adjusted to be more resilient...The impact of the third wave could potentially worsen in the coming weeks and months.
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