India’s effort to boost utilization through government spending and low-interest rates is paying off when the economy is rising, just as a new corona-virus variant emerges as the top risk to global recovery.
Major Precaution
As the cases of coronavirus variant omicron rises in the country, many countries have shown urgency to close their borders. Scientists haven’t cautioned about Omicron whether this variant is more alarming than other variants of the virus. The new variant of the coronavirus (Omicron) was first reported in South Africa. Now Indian Government is scrambling and reviewing their travel plans.
Origin of Omicron
The researchers of South Africa identified Omicron a few weeks ago but still do not know about it. Whether it is more likely to affect serious illness, it is more contagious or less able to protect against available prior vaccines.
Impact of Omicron
The First two waves inflict chaos on the Indian economy and health care infrastructure, which seems to have made the Indian Government more cautious. A few days back, there was a high-level meeting to review existing protocols for travelers on covid-19. While India has not put a complete ban on international travel, the Indian Government has amended its travel norms for incoming foreign travelers.
Covid is back again with a bang, and we might be getting into a worse situation than summer this year. The Party is over. Yet everyone is sounding the alarm. Still, markets are full of unmasked people, and partying is at its peak as we head into the new year 2022.
Yes, we might be careless about another wave of Covid despite the world warning us of a big disaster. But we are like last year’s summer until the funerals brought home.
Indian Government and Budget
Indian Government’s Plan to minimize the Risk of Omicron, to keep vowed to loosen fiscal and monetary policies to power through the pandemic and as long as necessary to keep the support to growth.
Indian Finance Minister Sitharaman has made infrastructure expenditure a priority ahead of the February budget, while she will present an annual plan of the Government’s expenditure and revenue goals in the parliament.
Meanwhile, the Reserve Bank of India is supposed to maintain its low-interest record rates as it is when they announce monetary policies the upcoming week.
The low-interest-rate system is expected to lift growth even when the policymakers scale back the support continues during the pandemic.
Warnings of the third wave
During the second wave in 2021 start, India was criticized for not telling the world about the Delta variant of Covid-19 in the early phase. Which quickly became the deadliest variant globally, and what has changed since then?
We haven’t learned anything from that, and we know that the more we are careless more we will allow this virus to spread. The more the probability that we will have a new variant. We have to be much more dedicated and much more prepared for the latest variant of covid-19.
Omicron Hit People?
We think the third wave will hit depending on how warmly society invites it.
Looking at India’s population, we are nowhere near the developed countries like the USA or UK, but I think we have covered up a lot. Now we have to spread the message that along with these facilities, everybody needs to be more watchful if we continue to have mass gatherings everywhere like new year parties Christmas parties, yes, the third wave will hit India soon.
More than half of India’s population is fully vaccinated. Which still leaves hundreds of at risk. Doctor warns that if the third wave of Covid hits, medical facilities could still be overrun rapidly.
During the second wave, hospital capacity did not just get exceeded by a little bit, but it was surpassed by several times its capacity.
So even if we got hit by a minor third wave, which I think is obviously a possibility, it would still overwhelm our health system.
And I think we should focus on facing it instead of asking if it will hit our country and when it will hit our country.
There has been a rise in the number of Covid cases in the past week at Holy Family hospital in Delhi, after more than a month of no patients with the infection being admitted.
Some of them are fully vaccinated people getting re-infected, so it’s time to be careful again.
Doctor’s Opinion
As Dr. Sumit Ray, CMO at Holy Family Hospital Delhi, interview in Times of India, so he said, “There is a sense of alarming and panic building up that we are going on the same path as we were during the second wave of covid-19.
During the second wave of the corona, the hospital was completely overrun. They had crowded every possible space available like trolleys, wheelchairs to treat as many as they could. And still, they used to turn people away.
At the time of second wave, we saw that there was some shortage of oxygen pan India. Dr. Sumit Ray was making hectic phone calls to arrange more oxygen supplies after looking at his patients in the hospital.
Pan India, many people were dead because oxygen ran out at hospitals.
Indian Government’s Plan for Omicron and organize its resources and facilities better to move supplies as requirement. Because there was not any shortage of oxygen, but there was a shortage of resources to carry them from one place to another.