India’s economy showed momentum in Q1 prior to COVID surge
Al Jazeera
India’s gross domestic product grew 1.6 percent in the first quarter of 2021 compared with the same time last year, but that growth has been slowed by a surge in coronavirus infections.
India’s annual economic growth rate picked up in January-March compared with the previous three months, but economists are increasingly pessimistic about this quarter after a huge second wave of COVID-19 infections hit the country last month. A slow vaccination drive and local restrictions after a massive second wave of infections and deaths across the country hit economic activities like retail, transport and construction while putting millions out of work. India has recorded 28 million COVID-19 infections, second only to the United States, and 329,100 deaths as of Monday, although the rise has begun to slow.
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