Second COVID-19 wave likely to peak in third week of May: SBI

Second COVID-19 wave likely to peak in third week of May: SBI

The report states that the recovery rate across nations continues to improve in several peaks, however, in India the recovery rate increased to 97.3 till mid-February 21 but began dipping subsequently, moving to 85 recently

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SBI Research report states that Maharashtra, and Uttar Pradesh (UP) had peaked before the national peak during the first COVID-19 waveSBI Research report states that Maharashtra, and Uttar Pradesh (UP) had peaked before the national peak during the first COVID-19 wave
BusinessToday.In
  • Apr 23, 2021,
  • Updated Apr 23, 2021 4:31 PM IST

India's second COVID-19 wave may peak in the third week of May, according to a research report by the State Bank of India (SBI).

The report adds that the recovery rate across nations continues to improve in several peaks, however, in India the recovery rate increased to 97.3 till mid-February 21 but began dipping subsequently, moving to 85 recently. The SBI report further states that Maharashtra, and Uttar Pradesh (UP) had peaked before the national peak during the first COVID-19 wave.

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"Now new cases in Maharashtra seem to be stabilising but share of cases in total of various other States such as Chhattisgarh, Madhya Pradesh, Gujarat has increased and these are showing an increase in daily new cases. So if other States also implement strict actions to control their spread, the national peak may come within two weeks after the Maharashtra peak," the bank says in its report, authored by Dr. Soumya Kanti Ghosh, group chief economic adviser at SBI.

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"India must vaccinate its population with the single-minded focus to achieve herd immunity and avoid any further waves as other countries are facing," says Soumya Kanti Ghosh, group chief economic advisor at SBI, in the report.

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India recorded another day of a record-high of 332,730 new coronavirus cases over the last 24 hours. The report further notes that there has been an increase in daily fresh COVID-19 cases in districts where the farmer protests, Kumbh Mela, and state elections were conducted.

The report says that the third wave peak in coronavirus cases in countries such as the US and Japan proved to be worse than the second wave. It adds that "we as a country cannot afford any 3rd wave."

India's second COVID-19 wave may peak in the third week of May, according to a research report by the State Bank of India (SBI).

The report adds that the recovery rate across nations continues to improve in several peaks, however, in India the recovery rate increased to 97.3 till mid-February 21 but began dipping subsequently, moving to 85 recently. The SBI report further states that Maharashtra, and Uttar Pradesh (UP) had peaked before the national peak during the first COVID-19 wave.

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"Now new cases in Maharashtra seem to be stabilising but share of cases in total of various other States such as Chhattisgarh, Madhya Pradesh, Gujarat has increased and these are showing an increase in daily new cases. So if other States also implement strict actions to control their spread, the national peak may come within two weeks after the Maharashtra peak," the bank says in its report, authored by Dr. Soumya Kanti Ghosh, group chief economic adviser at SBI.

Also Read:

"India must vaccinate its population with the single-minded focus to achieve herd immunity and avoid any further waves as other countries are facing," says Soumya Kanti Ghosh, group chief economic advisor at SBI, in the report.

Advertisement

India recorded another day of a record-high of 332,730 new coronavirus cases over the last 24 hours. The report further notes that there has been an increase in daily fresh COVID-19 cases in districts where the farmer protests, Kumbh Mela, and state elections were conducted.

The report says that the third wave peak in coronavirus cases in countries such as the US and Japan proved to be worse than the second wave. It adds that "we as a country cannot afford any 3rd wave."

Read more!
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