India has flattened Covid-19 curve, says Finance Ministry report

INDIA: Currently, India has emerged as the 3rd worst hit country but the green light at the tunnel is the fact that the recovery rate has shoot up to 60% in the country making it less vulnerable to the virus.

According to the Finance Ministry report, the Covid19 curve in India has flattened to a great extent, following the strict regulations in lockdown and containment zones. 

The report further added that ‘green shoots’ have emerged after the restrictions were uplifted. 

“These green shoots have a conducive policy environment to grow further and nudge the economy early on the path of economic recovery and growth,” the ministry said in its macroeconomic report for June. 

Additionally, the report said “the lock- down and social distancing measures have had an adverse effect on the economy as there is an unavoidable trade-off between flattening the infection curve and steepening of the recession curves.”

“Early green shoots of economic revival have emerged in May and June with real activity indicators like electricity and fuel consumption, inter and intra- state movement of goods, retail financial transactions witnessing pick up,” it stated. 

It said that “the lockdown and social distancing measures have had an adverse effect on the economy as there is an unavoidable trade-off between flattening the infection curve and steepening of the recession curves.” 

Without the lockdown, assuming doubling every 7 days, the number of confirmed cases would have been 3000% higher than the actual number as on June 27.

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