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Monday, October 25, 2021

Heavy corona on a good monsoon! After 3 months of lockdown

Covid-19 Cases in Rural India: According to the SBI report, cases of corona infection have increased rapidly in rural areas.

Covid-19 Cases Spreading in Rural India: On 24 March, economic activity came to a complete halt after the nationwide lockdown. The country’s economy has suffered a major setback due to this. As a result of this, the country’s GDP growth declined by 23.9 percent in the April-June quarter. However, once the lockdown opens, there is talk once again that the economy will be back on track. But now a fresh research report by SBI has again raised the concern. According to the report, now cases of infection of corona are increasing more rapidly in rural areas than in urban areas. In such a situation, there is a fear of affecting the rural economy. If this happens, then recovery can be a big setback.

Cases are increasing rapidly in rural areas

According to the SBI report, if we talk about the 50 districts affected by COVID 19 in August, then 26 of these were rural areas, where cases are spreading the fastest. The rural areas of Andhra Pradesh, Uttar Pradesh, Maharashtra and Karnataka are getting the most affected. Of these, 4 districts are such, which contribute more than 10 percent of the gross domestic product of their state.

In such a situation, the Corona cases in these states or areas increase in the same way, then the State Wise GSDP may decrease further. Rural areas of states like Andhra Pradesh, Uttar Pradesh, Telangana, Rajasthan, Maharashtra and Karnataka are more affected, where there is a good yield.

Corona may be overshadowed by monsoon

There are 8 fastest growing cases, where 1000 or more cases are coming every day. Out of these 8, 2 (East Godavari and Nellore) of Andhra Pradesh fall in the rural district. By the way, in most of the areas mentioned above, this year either the monsoon has been normal or has received more rain than usual. This is definitely a better sign, but if the cases of COVID-19 continue to increase in these areas in the same way, then the good effect of monsoon can be left behind by the bad effect of COVID-19.

Sales of fertilizers also decreased

Another leading indicator is that the sales of fertilizers have declined in the month of August. At the same time, the consumption of diesel has also decreased. Both of these are used a lot in farming work. Although the sales of tractors have improved in July and August, the registration of tractors has come down in the month of August.

Insurance sector growth also reduced

In the same way, the pressure on the insurance sector is also being seen. The non-life insurance industry has seen 1.62 percent growth till July. In the life insurance sector, there has been a 12 per cent drop in premium and 30 per cent in the number of policies till July. The Health Insurance business grew by 10.4 per cent, but the motor insurance sector is declining.

 

Source: www.financialexpress.com

Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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