IndianEra > Coronavirus > Covid-19 India: 70,000 Mark Likely in 5 Days!

India’s Covid-19 positive cases have crossed the 50,000 mark and are at 53,126 as of May 7, 2020.

The country saw 3,561 cases in the last 24 hours, informed the Health Ministry.

More than 15,300 people have recovered, and 1,790 died.

Worst hit by the outbreak, Maharashtra directed the civil hospitals and authorities to also utilize private hospitals.

Maharashtra has 16,758 COVID-19 positive cases to date, with 10,714 cases in Mumbai alone.

India Corona Cases

While it’s only 10 days for the end of Lockdown 3.0, the country is showing no signs of flattened Covid-19 curve.

Surprisingly, the cases in Asian nations are rising in contrast to the declining rate in Europe.

India has seen a two-fold rise in its cases in the last eleven days.

More COVID Cases

Covid-19

Looking at the current rate, the number of positive cases in India is likely to touch the 70,000 mark in the next five days.

If that happens and the similar trend continues, India’s hospital capacity will be overwhelmed, causing a burden to the country’s healthcare system.

Meanwhile, the Bank of England informed that the UK economy would likely contract by 14 percent in 2020.

In another update, the International Monetary Fund (IMF) said India would be the only economy, besides China, to witness a rise in GDP despite the crisis.

International Monetary Fund (IMF)

IMF estimates India’s GDP will grow by 1.9 percent for the fiscal ending March 31, 2021.

Low-cost labor, the decline in global oil prices, consumer interest and expectation of foreign capital are likely to be the primary reasons for India’s GDP rise.

Flight of capital from China is another significant contributor to India’s GDP growth.

However, the Indian Government shouldn’t take the FDI inflows for granted, say the reports.

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Posted by IndianEra, 07/05/2020