COVID-19 cases soar in India; economy worsens July 29, 2020

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COVID-19 cases soar in India; economy worsens July 29, 2020

ISLAMABAD-In India, the outlook for reeling economy has worsened again as business activity slows and COVID-19 infections soar.

Asia economist at Capital Economics in Singapore, Darren Aw said India’s failure to contain the spread of coronavirus and government’s underwhelming support package for firms and households means the economy will suffer its largest drop in output on record this year.