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How to prepare financially for 2nd covid wave

India city Mumbai city Delhi city Pune 2020 economy Waves
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How can second wave affect your financials?With India adding record 168,912 in the last 24 hours, parts of the country are on the verge of a total lockdown.

Cities such as Delhi, Mumbai and Pune are already seeing curbs such as night curfew and in some cases, weekend lockdown. All of this has started to take a toll on the markets.

Nifty has dropped around 6.5% from its peak of 15,300 on 15 February. Markets may see further decline if key states such as Maharashtra and Delhi come under total lockdown, thereby eroding the value of your equity investments.

If this leads to more pay cuts and layoffs as was the case in 2020, it can imperil your financial security.What risks are peculiar to the second wave?The current wave has hit India harder.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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