COVID-19 cases across India, its accelerated vaccination drive may limit the economic disruption, Barclays said in a note on Monday.
However, the company warned that shortages in vaccine supply could weigh on the campaign's progress.With logging nearly 1.7 lakh cases in a single day, India on Monday racked up the world's highest daily tally of coronavirus infections overtaking Brazil.
This caused a plunge in Indian stocks and the rupee. Officials in the worst-hit state of Maharashtra said they were considering a broader lockdown this week after large closures at the weekend.Following this, Barclays said, "India is experiencing a dramatic increase in active COVID-19 cases, with new infection rates now well above the previous highs seen in.