SECOND WAVE OF COVID
India is now witnessing a second wave of Covid in half a dozen states like Maharashtra, Punjab, Kerala and Karnataka. The second wave will impact the supply chain and contribute to inflation because of restrictions, night curfew, etc. Globally, there are some countries which are staring at a third wave. France and Kenya are witnessing a third wave. If the Covid disruption continues and spreads to smaller town and cities, it has the potential to impact agri supply chain and fuel inflationary pressure.