COVID-19 2nd wave may have more lasting damage on Indian economy, exports to drive recovery: Moody's Analytics

10:20:00 PM, Monday 26th of July 2021 | in business

The second wave of COVID-19 may have a more lasting damage on the Indian economy and exports will once again be the foundation for recovery, Moody's Analytics said on Monday. In its report titled 'APAC Economic Outlook: The Delta Roadblock', Moody's Analytics said social distancing is weighing on the current quarter, but economic recovery will resume by the year-end.