Omicron effect: GDP growth to take a hit in India

iStock
While the Omicron variant-led third wave of Covid-19 in India might be around for a shorter duration, it may mildly increase the inflationary pressures and may cause a delay in a reverse repo rate hike from February to April, research firm Nomura wrote.

Research shows that the Indian economy has entered the third wave in a far healthier state relative to the second wave but voluntary pullbacks and reimposition of state restrictions are starting to bite.

While the Omicron variant-led third wave of Covid-19 in India might be around for a shorter duration, it may mildly increase the inflationary pressures and may cause a d ..

Leave a Reply