Chennai Investment：India under the global epidemic： naval bases are infected, slums are ＂timed bombs＂, and economic growth is expected to fall to 1.9%
According to a number of media such as "India Today", a new crown pneumonia has appeared in the INS Angre Naval Base in Mumbai, India.As of now, the virus test of 21 naval soldiers in the base is positive, and it is diagnosed with new crown pneumonia.It is reported that the test results of many naval soldiers have not yet been released, and the number of diagnostic people is expected to rise further.
On the 17th, 15 cases were added to the Mumbai Tallawi slums, the largest slum in India, and 1 newly died. A total of 101 were diagnosed, and 10 cases were accumulated.After Travi appeared on April 1 on April 1, the number of diagnosis continued to rise.Indian media worry that because of its dense population and hygiene, Travi may become the largest "timing bomb" in the Indian epidemic.
According to the Securities Times, expert analysis believes that India is likely to become the country with the largest number of deaths.As the number of diagnosis of Indian slums continues to increase, the maximum number of infected people in the future may be as high as 130 million.On April 3rd, the World Bank allocated a total of $ 1.9 billion to 25 countries, of which 1 billion US dollars were given to India.Chennai Investment
Many international institutions predict that the epidemic will lead to the continuous slowdown in India’s economic growth.The Indian Economic Monitoring Center recently announced that the Indian unemployment rate has risen from 8.7%in March to 23.4%.
The International Monetary Fund (IMF) recently released the latest "World Economic Outlook Report" predicting that India’s economic growth rate this year is 1.9%.Fitch International recently reduced the economic growth rate of India’s fiscal year (April 2020 to March 2021) from the previous 5.1%to 2%; Moody’s expected to be reduced from 5.3%to 2.5%.
Earlier, India’s economic growth has continued to slow for seven quarters.In the fourth quarter of 2019, India’s economic growth rate was 4.7%, a new low in six years.Although the Central Bank of India announced its interest rate cuts, the Ministry of Finance also launched 1.7 trillion rupees (about 22.21 billion US dollars) economic rescue plans, but in the face of the epidemic impact, the stimulus measures only have the nature of the pocket, which is not enough to boost the economy.
As of 17:00 on the 17th local time, 1,076 cases were diagnosed in India in a single day, with a total of 1,3835 cumulative diagnosis, of which 1,767 were hospitalized and 452 deaths were died.
Daily Economic News Comprehensive Xinhua News Agency, CCTV, Securities TimesVaranasi Wealth Management
Daily Economic News
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