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“We have told UN agencies that there is no scientific basis for these travel bans, it has been found that this variant was circulating in Europe before it was identified in South Africa,” Faki.
Synopsis
Banerjee believes the horrors of the latest outbreak, which saw widespread oxygen shortages and a collapse of its health system, means India won’t just assume it has beaten Covid following statements to such effect from government officials earlier this year, including Modi himself.
“Lots of places remain relatively untouched, and that remains the basis for another wave,” said Banerjee.
India’s government could be spending more to help its population of almost 1.4 billion weather the economic devastation from the country’s explosive second wave of Covid-19 infections, according to Nobel Laureate Abhijit Banerjee.
It’s “not clear at all” that bond markets would react negatively to such moves made to avert “an ongoing series of crises,” said Banerjee, 60, who was co-recipient of the 2019 Nobel prize for economic science for his work on poverty alleviation.