U.S. Chamber sees ‘real risk’ of Indian economy faltering due to COVID-19 spike By Reuters

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© Reuters. FILE PHOTO: Unfold of the coronavirus illness (COVID-19) in Delhi

WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Monday warned that the Indian economic system – the sixth largest on this planet – might falter on account of a report spike in coronavirus instances, making a drag for the worldwide economic system. Myron Good, government vp of the Chamber, the largest U.S. enterprise foyer, mentioned the chance of spillover results was excessive given many U.S. corporations use Indian employees to run their back-office operations.
“We anticipate that this might worsen earlier than it will get higher,” Good advised Reuters, citing a “actual threat” the Indian economic system would falter given the circumstances. “There is a massive concern in regards to the draft on the economic system by a devastating, spreading virus in India.”
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