<p>India could face the third wave of Covid-19 as early as next month, with cases reaching the peak sometime in September, the SBI Research said in a report on Monday.</p>.<p>“…based on historical trends, the cases can start rising by the second fortnight of August ‘21 with peak cases at least a month later,” the SBI’s Economic Research Department said in a report titled ‘Covid-19: The Race to the Finishing Line’.</p>.<p>It said global data showed that on an average, third wave peak cases were around 1.7 times the peak cases at the time of the second wave.</p>.<p><a href="https://www.deccanherald.com/national/poorer-indian-women-lost-more-jobs-ate-lesser-than-men-during-the-covid-19-pandemic-study-1005067.html" target="_blank"><strong>Read | Poorer Indian women lost more jobs, ate lesser than men during the Covid-19 pandemic: Study</strong></a></p>.<p>The report said global experience showed that countries with high per capita GDP have been associated with higher Covid-19 deaths per million, while low per capita countries are associated with low Covid-19 deaths, revealing high income countries suffered more during the pandemic.</p>.<p>The trend has held true in India as states such as Maharashtra, Kerala, Karnataka, Tamil Nadu, Uttarakhand and Himachal Pradesh – all high per capita income states – witnessed high deaths per million, the report said.</p>.<p>“Bihar, Jharkhand, UP, Assam, Odisha, Rajasthan all lie in the 2nd quadrant, showing low per capita income and low deaths per million,” it said.</p>.<p>States such as Andhra Pradesh, Gujarat, Telangana, Haryana were some high per capita states that reported low deaths per million.</p>.<p><a href="https://www.deccanherald.com/city/top-bengaluru-stories/what-is-causing-the-decline-in-bengaluru-s-covid-cases-1004934.html" target="_blank"><strong>Also Read | What is causing the decline in Bengaluru’s Covid cases?</strong></a></p>.<p>The report also found that the beginning of the second Covid-19 wave resulted in significant deposit outflows from the banking system in alternated fortnights, the pace of which has now again moderated.</p>.<p>One of the worrying features is rising household debt stress. Household debt – after taking into account retail loans, crop loans and business loans from financial institutions like commercial banks, credit societies, NBFCs and HFCs – has sharply increased to 37.3% of GDP in FY21 from 32.5% of GDP in FY20.</p>.<p>“The decline in bank deposits in FY21 and concomitant increase in health expenditure may result in further increase in household debt to GDP in FY22,” said the report.</p>
<p>India could face the third wave of Covid-19 as early as next month, with cases reaching the peak sometime in September, the SBI Research said in a report on Monday.</p>.<p>“…based on historical trends, the cases can start rising by the second fortnight of August ‘21 with peak cases at least a month later,” the SBI’s Economic Research Department said in a report titled ‘Covid-19: The Race to the Finishing Line’.</p>.<p>It said global data showed that on an average, third wave peak cases were around 1.7 times the peak cases at the time of the second wave.</p>.<p><a href="https://www.deccanherald.com/national/poorer-indian-women-lost-more-jobs-ate-lesser-than-men-during-the-covid-19-pandemic-study-1005067.html" target="_blank"><strong>Read | Poorer Indian women lost more jobs, ate lesser than men during the Covid-19 pandemic: Study</strong></a></p>.<p>The report said global experience showed that countries with high per capita GDP have been associated with higher Covid-19 deaths per million, while low per capita countries are associated with low Covid-19 deaths, revealing high income countries suffered more during the pandemic.</p>.<p>The trend has held true in India as states such as Maharashtra, Kerala, Karnataka, Tamil Nadu, Uttarakhand and Himachal Pradesh – all high per capita income states – witnessed high deaths per million, the report said.</p>.<p>“Bihar, Jharkhand, UP, Assam, Odisha, Rajasthan all lie in the 2nd quadrant, showing low per capita income and low deaths per million,” it said.</p>.<p>States such as Andhra Pradesh, Gujarat, Telangana, Haryana were some high per capita states that reported low deaths per million.</p>.<p><a href="https://www.deccanherald.com/city/top-bengaluru-stories/what-is-causing-the-decline-in-bengaluru-s-covid-cases-1004934.html" target="_blank"><strong>Also Read | What is causing the decline in Bengaluru’s Covid cases?</strong></a></p>.<p>The report also found that the beginning of the second Covid-19 wave resulted in significant deposit outflows from the banking system in alternated fortnights, the pace of which has now again moderated.</p>.<p>One of the worrying features is rising household debt stress. Household debt – after taking into account retail loans, crop loans and business loans from financial institutions like commercial banks, credit societies, NBFCs and HFCs – has sharply increased to 37.3% of GDP in FY21 from 32.5% of GDP in FY20.</p>.<p>“The decline in bank deposits in FY21 and concomitant increase in health expenditure may result in further increase in household debt to GDP in FY22,” said the report.</p>
