Categories: Market Overview

India reports record Covid cases for a fifth straight day with more than 350,000 new infections

India reported a record number of Covid-19 cases for the fifth straight day on Monday while the official death toll also jumped. Official data showed there were 352,991 new reported cases over a 24-hour period as total infection numbers crossed 17 million. At least 2,812 people died which pushed the total death toll to over 195,000 — media reports suggest that the official death rate is likely undercounted.

Prime Minister Narendra Modi’s government has faced criticism for allowing large crowds to gather for religious festivals and election rallies in various parts of the country this year. Prior to the second wave, India had on average around 10,000 new cases daily. But so far in April alone, the South Asian nation has reported more than 5 million new cases, sending the country’s health care system to the brink. Hospitals have run out of beds and are turning away even critically ill patients. There is a severe oxygen supply shortage, partly due to uneven distribution across states. That has led to the deaths of many Covid-19 patients as the government scrambles to send supplies to the worst-hit states by road, rail and air.

Indian media reported that billionaire Mukesh Ambani’s Reliance Industries will produce over 700 tonnes of medical-grade oxygen per day at one of its oil refineries. It would reportedly be given to worst-hit states for free. Tata Group said last week it will import 24 cryogenic containers, which are also reportedly in short supply, to transport liquid oxygen. Meanwhile Jindal Steel and Power said it will supply 500 metric tonnes of liquid oxygen to hospitals that urgently need them. Indian social media users have also taken to the platforms to coordinate availability and access to medical supplies, oxygen cylinders and other forms of aid.

India reports record Covid cases for a fifth straight day with more than 350,000 new infections, CNBC, Apr 26

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Comcast Wave Analysis – 8 December 2025

Comcast: ⬇️ Sell - Comcast reversed from key resistance level 28.00 - Likely to fall…

11 hours ago

Tesla Wave Analysis – 8 December 2025

Tesla: ⬇️ Sell - Tesla reversed from pivotal resistance level 464.00 - Likely to fall…

11 hours ago

Dogecoin Wave Analysis – 8 December 2025

Dogecoin: ⬆️ Buy - Dogecoin reversed from support zone - Likely to rise to resistance…

12 hours ago

USDJPY Wave Analysis – 8 December 2025

USDJPY: ⬆️ Buy - USDJPY reversed from support zone - Likely to rise to resistance…

12 hours ago

Gold. Current situation #tradelikeapro #trading #tradingstrategy #gold #goldprice #tradingshorts

Today is Monday, December 8th, and we will talk about the gold market. Let's take…

19 hours ago

The dollar awaits the rate forecast

The fate of the US dollar depends on capital flows and hawkish rhetoric from the…

23 hours ago

This website uses cookies