COVID-19 caseload in economically key states, Singaporean brokerage DBS on Wednesday forecast deeper distress for the country which will lead to a 6% growth contraction in FY21.In its earlier forecast, the brokerage had penciled in a minus 4.8% growth for the current fiscal.According to the report, just 7% of the districts in economically key states of Maharashtra, Tamil Nadu and Gujarat, accounting for 30.5% of the national economic output, and in Karnataka and Andhra Pradesh account for as much as 70% of the caseload.This will prolong the recovery and the pandemic is set to take a deeper economic bite, it said.The virus infections have crossed 1.15 million in the country while the death due to the same are close to 29,000 now, making the.
Read more on livemint.com