Not To Worry, India Inc. On Covid Rise

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Not To Worry, India Inc. On Covid Rise

| Updated: December 23, 2022 10:22

Serum Institute of India (SII) CEO Adar Poonawalla expressed concern over reports of a rising Covid-19 graph in China, but said there is no need to panic as the vaccination coverage in India is excellent.

With the global economy – already struggling with the war in Ukraine and stagflation risks – worried about the impact of another Covid-19 outbreak in China, India Inc is cautiously optimistic that the resilience of the Indian economy will help avoid any large-scale disruptions.

Subhrakant Panda, the newly-appointed president of the industry association FICCI, said there is no need for panic yet but alertness is certainly called for, and that the Indian economy and corporates have the depth and resilience to withstand any “short and sharp” disruption to the global supply chain.

The Union Health Secretary has reportedly written to the states to keep an eye on genome sequencing of new cases to see if there is a mutation.

According to Hong Kong Post, people in China are reporting countless cases of Covid-19 around them, despite the official count being around 2,000 a day.

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