Oxford Economics: Premature India State Reopenings Could Backfire

The transcript discusses India's vaccination progress, highlighting the recent achievement of 8.6 million vaccinations in a day, though it is not enough to prevent a third COVID-19 wave. The economic impact of the pandemic is less severe than the first wave, but the loss of lives is higher. The Indian economy shows resilience with strong investor sentiment, but caution is advised due to potential external factors like the Fed's tapering. The balance between health precautions and economic viability is crucial, with gradual reopening and increased vaccination efforts recommended.

What is the daily vaccination target India needs to achieve to safely reopen?

• 5 million

• 8.6 million

• 12 million

• 10 million

How does the economic impact of the second wave compare to the first wave in India?

• It is more severe than the first wave.

• It is milder than the first wave.

• It is the same as the first wave.

• It has no impact on the economy.

What is the impact of the second wave on consumer sentiment in India?

• It is unaffected.

• It remains subdued.

• It has become more optimistic.

• It has improved significantly.

What is a significant factor contributing to India's economic resilience?

• Lower vaccination rates

• Higher unemployment rates

• Decreased foreign investments

• Increased foreign reserves

What approach is suggested for reopening the economy amidst the pandemic?

• Gradual reopening with increased vaccinations

• Immediate and full reopening

• Reopening only in urban areas

• No reopening until the pandemic ends