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MIL-OSI China: Second wave of COVID-19 batters India s economy

Source: China State Council Information Office India is going through the second wave of the COVID-19 pandemic as the single-day spike crossed 400,000 cases last week, and the total tally almost reached 20 million. Amid the prevailing conditions, the overall Indian economy, mired in a recession since last year due to COVID-19, has been dragged down further by the second wave of the pandemic. Most industries and the manufacturing sector are either shut or working at a much lesser capacity. The workforce in non-essential services has moved back home and is working online. Once again, offices have been closed and supplementary businesses depending on corporate employees, like the food and hospitality sector, have been hit hard.

World Insights: Second wave of COVID-19 batters India s economy - World News

2021-05-03 10:36:54 GMT2021-05-03 18:36:54(Beijing Time) Xinhua English by Pankaj Yadav NEW DELHI, May 3 (Xinhua) India is going through the second wave of the COVID-19 pandemic as the single-day spike crossed 400,000 cases last week, and the total tally almost reached 20 million. Amid the prevailing conditions, the overall Indian economy, mired in a recession since last year due to COVID-19, has been dragged down further by the second wave of the pandemic. Most industries and the manufacturing sector are either shut or working at a much lesser capacity. The workforce in non-essential services has moved back home and is working online. Once again, offices have been closed and supplementary businesses depending on corporate employees, like the food and hospitality sector, have been hit hard.

Travel News - Second wave hits hotel bookings, new launches continue, sustainable initiatives step up

Second wave hits hotel bookings, new launches continue, sustainable initiatives step up According to a report by Swapna Raghu Sanand, Published in Financial Express, Hotel bookings witness a big slump! India’s hospitality industry is once again grappling with the impact of state-specific lockdowns as the surge in coronavirus cases continues to spiral across the country. Many stakeholders pin their optimistic outlook on bookings picking up once the vaccination push becomes more robust. More importantly, hotels are innovating with new and emerging models of sustainable commitments to reduce carbon emissions and plastic waste. Sharing insights, Shahzad Aslam, Head – Sales at Leisure Hotels Group says, “The pandemic continues to wreak havoc on all industries, with travel, hospitality and aviation bearing the brunt of the damage of the second wave. Bookings have fallen by more than 75 percent as a result of the second COVID wave and new res

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