Time To ‘Curtail’ Economic Activity: Industry Body

A leading Indian industry body has urged authorities to take the “strongest national steps” and to curtail economic activity to save lives, as the country battles surging coronavirus cases that have overwhelmed the healthcare system.

The rate of new infections dipped marginally on Sunday but deaths kept climbing. Authorities reported 392,488 new cases in the previous 24 hours, pushing total cases to 19.56 million. Deaths jumped by a record 3,689, taking the overall toll to 215,542.

Billionaire Uday Kotak, the managing director of Kotak Mahindra Bank, said on Sunday a “maximal response measure at the highest level is called for to cut the transmission links”, as building healthcare infrastructure will take time.

He was speaking on behalf of the Confederation of Indian Industry (CII), of which he is the president.

“At this critical juncture when toll of lives is rising, CII urges the strongest national steps including curtailing economic activity to reduce suffering,” Kotak said in a statement.

Hospitals are filled to capacity, medical oxygen supplies have run short and morgues and crematoriums have been swamped as the country deals with the surge in cases: more than 300,000 daily cases for more than 10 days straight.

Concerned about the economic impact of shutting down the economy, Prime Minister Narendra Modi’s government is reluctant to impose a national lockdown. At least 11 states and union territories have imposed some form of restrictions.

The Indian Express newspaper reported on Sunday that the country’s COVID-19 taskforce has advised the federal government to impose a national lockdown.

The eastern state of Odisha and northern industrial state Haryana became the latest to announce new lockdowns on Sunday, joining New Delhi, Maharashtra, Karnataka and West Bengal.

Other states, including Uttar Pradesh, Telangana, Assam, Andhra Pradesh and Rajasthan have either imposed night curfews or weekend lockdowns.

SURGE IN THE MAKING

Modi said last month all efforts should be made to avoid a lockdown. He imposed strict curbs on movement and social and economic activity last year in the early months of the pandemic and economic output fell by a record 24 percent in the April-June 2020 quarter compared with the same period a year earlier.

The current devastating second wave has also led to a shortage in medical staff. Kotak said healthcare workers may not be able to tackle the influx of patients, given the escalating caseloads which need reinforcing.

International aid has been pouring in.

Countries including United States have shipped in critical oxygen equipment, therapeutics and raw materials for vaccine production. On Sunday, British Foreign Secretary Dominic Raab said his country would send more ventilators “very shortly”.

Modi’s government has been criticised for not taking steps earlier to curb the spread and for letting millions of largely unmasked people attend religious festivals and crowded political rallies in five states during March and April.

The Reuters news agency reported on Saturday that a forum of scientific advisers set up by the government warned Indian officials in early March of a new and more contagious variant of the coronavirus taking hold in the country.