Delta variant and the subsequent mutations of the coronavirus makes the third wave a real risk for the country, a foreign brokerage has warned.
The risks are real and rising because the pace of vaccination has slowed down to under 3.4 million doses daily from 4 million earlier and also as many as 45 per cent of the daily infections are being reported from rural areas, points Tanvee Gupta-Jain, the chief economist at UBS Securities India.
On the other hand, economic activity has improved sequentially for the seventh consecutive week to July 12, as some states have gradually eased mobility restrictions, notes the report.