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Corona cases have reached a peak in India. According to a report by the State Bank of India (SBI), the trend of corona cases has generally been seen after the recovery rate of 75 percent in the whole world. The rate of recovery in India has reached 73 percent. Five states that have crossed this recovery rate have crossed the peak of Delhi, Tamil Nadu, Gujarat, Jammu and Kashmir, and Tripura Corona, but the peak is yet to come in 22 states.
India reaches near peak with 73% recovery rate
The SBI-ECORAP report analyzes the trends in Corona from the economy and the impact on the common man in detail. However, it has been accepted in the report that there is no definite criterion for the recovery rate of 75% of the corona peak. In Brazil it reached the peak at 69 percent. Similarly, in Malaysia, 79.5 percent, in Iran 77.6 percent, in Bahrain 77.1 percent, in China 77 percent, in Chile 70.4 percent of the recovery rate was reached. Thus, with a recovery rate of 73 per cent, India has come very close to the peak. Some experts believe that India will reach the peak in the next two to three weeks.
According to other countries, the rate of doubling of corona cases in India is very high.
The report has also raised concerns about low testing per 10 lakh population in states like Maharashtra, Telangana, Bihar and West Bengal. According to the report, according to other countries of the world, the rate of doubling of corona cases in India is very high. Corona cases are doubling in 22 days, while in the world it is taking an average of 43 days to double the cases. Obviously, this also remains a major cause for concern.
Income of common man was affected due to stall of economic activities due to corona
It has hit the common man very deeply. The income of the common man has been badly affected due to the stagnation of economic activities due to Corona. According to SBI, this year the average per capita income will decrease by 27 thousand rupees. In states like Tamil Nadu, Gujarat, Telangana, Delhi, Haryana, Goa, its impact will be more and the average per capita income will be reduced by 40 thousand rupees.
Falling income during corona forced man to remain confined
Government data on inflation has been questioned in the report. According to this, the old mathematical formula of National Sample Survey (NSO) could not correctly estimate the rate of inflation due to lockdown. It also added the price of items that people did not use during the lockdown. People continued to spend on food and drink, which cost more during this time. For this, SBI has prepared a new index of retail inflation linked to COBID. According to this index, the rate of retail inflation in July was actually 7.5 per cent, not 6.9 per cent, as shown in the data of NSO. This rate of inflation coupled with falling income during the corona forced the common man to remain confined to the basic needs.
Countryside corona hit
SBI has indicated a new trend for Corona from July-August. During this time, the relatively remaining rural areas have been hit by Corona. While the entire corpus of the economy in the Corona period rested on the rest of rural India from Corona and it was being said that rural areas would prove to be instrumental in bringing the economy back on track, but since July, Corona began to spread rapidly in rural areas. In this month, 51 percent of the total corona cases came from rural areas, while it increased to 54 percent in the first fortnight of August.
Continuous improvement in corona’s death rate
Corona’s death rate is steadily improving and has come down to 1.92 per cent. However, Asia still has the highest corona mortality in India. Health Secretary Rajesh Bhushan has targeted to bring it down to one per cent. At the same time, the SBI has predicted an increase in the death rate due to damage to Corona’s economy.
According to the SBI, if state governments continue to restrict the means of normal living by imposing and removing lockdown without thinking, it could lead to deaths ranging from 0.55 per cent to 3.5 per cent, which would be in addition to deaths due to corona, but in the report it It is not clear what form these additional deaths will take. There is no mention of people dying of hunger or any other reason due to corona.
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