Categories: Market Overview

India reports record new cases and fatalities, official Covid death toll surpasses 200,000

India reported a record daily death toll on Wednesday as total Covid-19 fatalities crossed the 200,000 mark. Government data showed at least 3,293 people died over a 24-hour period. Overall cases also rose by a record 360,960 reported infections, marking India’s seventh consecutive day of over 300,000 new infections. The country’s total number of Covid cases is just below 18 million while the death toll stands at 201,187. Recent media reports, however, suggest the daily fatality number may be underreported.

So far in April alone, the South Asian nation has reported more than 5.8 million new cases, sending the country’s health-care system to the brink. The international community responded with promises to send India desperately needed aid. The United States said it would send raw materials required for the South Asian country to manufacture AstraZeneca’s vaccine. India has so far administered more than 145 million vaccine doses, according to health ministry data. But, as of Tuesday, only around 23.9 million people have received their second doses.

Experts fear that a mutated variant of the coronavirus is responsible for the dramatic surge in cases during the second wave. Before the resurgence, India reported an average of around 10,000 new cases daily. Since last year, the virus has mutated multiple times. The World Health Organization classifies those variants as either “variant of interest” or “variant of concern.” Variant of concern typically refers to a variant that shows an increase in transmissibility and more severe disease, including greater rates of hospitalization or death.

India reports record new cases and fatalities, official Covid death toll surpasses 200,000, CNBC, Apr 28

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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.

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