Can second Covid-19 wave spoil India’s recovery momentum? Details here

Covid-19 cases are rising sharply in India over the past few weeks. On Thursday, the country reported over 35,000 fresh infections in 24 hours. As the possibility of a second wave increases, can it spoil India's economic recovery momentum? Here is all you need to know:

India’s economic recovery could encounter a short-term hurdle if the country faces a second wave of Covid-19, according to a global brokerage firm Nomura, which has also ruled out the possibility of long-term difficulties. On Thursday, the country reported over 35,000 new Covid-19 cases in 24 hours — the highest single-day spike in 2021 so far. The rising number of Covid-19 infections has sent authorities in few states in overdrive to contain the spread of the deadly virus. Partial restrictions/lockdowns have been announced in some states like Maharashtra, which has been reporting a spike in new cases.