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Fitch Ratings revises India’s outlook to ‘negative’ from ‘stable’, says COVID-19 pandemic has weakened growth aspects

Coronavirus (Covid-19) Tracker, India Lockdown News Live Updates: With 13,103 fresh cases, the coronavirus tally in India rose to 367,264 on Thursday, even as Prime Minister Narendra Modi ruled out the possibility of another round of lockdown.

By: Express Web Desk | New Delhi |Updated: June 18, 2020, 11:16:37 am

 

Coronavirus India News Live Updates: With 12,881 fresh cases, the coronavirus tally in India rose to 366,946 on Thursday, even as Prime Minister Narendra Modi ruled out the possibility of another round of lockdown. Fitch Ratings, meanwhile, revised the country’s outlook to ‘negative’ from ‘stable’, stating that the pandemic has significantly weakened India’s growth prospects for the year and exposed the challenges associated with a high public-debt burden.

Globally, as many as 8,406,083 people have been infected while 451,387 have lost their lives. President Donald Trump has signed legislation that seeks to punish China for its crackdown on Uighurs and other ethnic minorities. Beijing, on the other hand, ramped up medical testing and canceled hundreds of flights after over 160 fresh cases were reported in the last few days.

On Wednesday, Modi told states that “unlock, unlock, unlock” should be the way forward as they fight to control the pandemic and ramp up healthcare facilities. “Dekhiye ab hamein unlock ke phase hi dhoondhte rehna hai. Hamein unlock, unlock, unlock ki disha mein hi Kadam uthaate jaana hai (We need to find ways to open further… we need to take steps only in the direction of unlock-unlock-unlock),” he said, addressing the second batch of Chief Ministers of 14 states and the Lieutenant Governor of Jammu and Kashmir.

Six of the 14 states — Maharashtra, Tamil Nadu, Delhi, Gujarat, Rajasthan, and West Bengal — whose CMs attended the video conference on Wednesday, accounting for 76 percent of total COVID cases, and 80 percent of all COVID-related deaths, in the country. The others who participated in the meeting included CMs of Uttar Pradesh, Madhya Pradesh, Karnataka, Bihar, Andhra Pradesh, Haryana, Telangana, and Odisha.

Modi urged states with a heavy load of COVID cases to prioritize the expansion of health infrastructure. With the country’s COVID tally crossing 3.5 lakh on Wednesday, he urged them to focus on testing by utilizing their full capacity, quick tracing, tracking and isolating those affected, as a strategy to contain the virus spread

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