India has recorded more than 65 cases of the lakh coronavirus.
New Delhi:
India may have “passed the peak of the number of coronavirus cases,” the finance ministry said in its September economic review report, stressing that “the resulting resurgence in demand is palpable in many many sectors “as the country eases restrictions put in place to stem the spread. virus.
“Data for the 14-day period September 17-30 suggests India may have passed the peak in the number of Covid-19 cases. During this period, the seven-day moving average of daily positive cases declined steadily from around 93,000 to 83,000 while the seven-day moving average of daily tests fell from around 1.15,000 to 1.24,000 ”, underlines the monthly report of the ministry.
India, the second most affected country in the world by the pandemic after the United States, has so far recorded more than 65 cases of Covid lakh; more than 1.01 lakh coronavirus patients have died. The country reported its first case on January 30.
However, the pandemic is far from over, the finance ministry report warned.
“Yet the declining positivity rate across India is paving the way for further pushing the boundaries of economic recovery. For this, all stakeholders must be engaged as the remaining restrictions on access and mobility are further relaxed. ” further pointed out.
India reports highest number of active COVID cases to date. Growth in active cases fell to -0.4% as of September 30 from 1.65% as of August 31 and cure rate to 83 , 5% by September 30, ”emphasizes the report entitled – Monthly economic review of the Ministry of Finance – September 2020.
On September 30, Bihar, Andhra Pradesh and Tamil Nadu reported a recovery rate of over 90%; West Bengal, Delhi, Uttar Pradesh, Gujarat and Rajasthan have reported recovery rates above 80%, according to the report.
“The case fatality rate continued to decline to 1.6%, with major hot spot states trending downward. COVID-19 testing has been significantly stepped up since June with Andhra Pradesh, Arunachal Pradesh, Goa, Delhi, Assam, Jammu and Kashmir. Tripura and Tamil Nadu are showing good progress, “according to shared data.
Suggesting that India’s economy, hit hard by the pandemic, is showing signs of recovery, he said: “Economic indicators point to a steady recovery in almost all sectors, with some sectors also exceeding their levels from the previous year. This is despite the headwinds of increasing COVID cases in non-metropolitan cities and rural areas and rising food prices. “
“The positive results of implementing the AatmaNirbhar Bharat (AB) package and unlocking the economy are evident in India’s high-frequency real sector indicators in September,” the monthly report, referring to the Prime Minister Narendra Modi’s appeal for Atmanirbhar Bharat or self-sufficiency India stressed.
According to the new data, “demand indicators are gaining momentum, as sales of passenger, two and three-wheelers returned to previous year’s levels in August, signaling pent-up demand as well as an increase. of private mode of transport due to Covid-19. “.
“Growth prospects improved dramatically in September with TPS collections peaking at six months at Rs 95,480 crore, recording positive annual growth of 3.9 percent,” he says.
India’s gross domestic product or GDP contracted 23.9 percent between April and June, according to official data released in August.
“Growth prospects improved dramatically in September with TPS collections peaking at six months at Rs 95,480 crore, recording positive annual growth of 3.9 percent,” he says.
India’s gross domestic product or GDP contracted 23.9 percent between April and June, according to official data released in August.
