India’s economy to fall behind other South Asian countries: Report

According to a report published by Capital Economics Limited, India’s economy will fall behind from the rest of South Asia, as it failed to stop the spread of the coronavirus outbreak in the country.

India has more than 5 million corona cases currently and there are no signs of peaking as the cases continue to increase. India has the second-highest number of COVID-19 cases globally, the United States of America has the highest number of corona cases.

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

The report further claimed that different South Asian countries like Pakistan, Bangladesh, and Sri Lanka succeeded in coping with the corona situation and tackling the challenges associated with it. Therefore, the economic impact will be relatively less impactful.

India is expected to have a “post a double-digit slump” as the country’s economy is under huge pressure.

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According to Our World in Data figures, Pakistan has made great progress in getting the coronavirus under control as the smart lockdown strategy was a success. The World Health Organization (WHO) and other global organizations have lauded Pakistan’s approach to containing the virus.

“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,” the WHO country chief, Dr. Palitha Mahipala, said.