India Fight Against Coronavirus: Observation from 29th May 2020 Data

A few observations from 29th May 2020 (National Data) on coronavirus pandemic:-

1. COVID19 new case count increased by 8,134 on 29th May 2020. This is the highest daily increase. As a result, 7 days and 14 days averages increased to 6,962 and 6,260 new case counts. The 7 days and 14 days averages of new cases are increasing everyday. Daily case counts are expected to hit 10,000 mark within 10 days considering the increasing number of districts infected by the coronavirus.

India Fight Against Coronavirus: Observation from 28th May 2020 Data

A few observations from 28th May 2020 (National Data) on coronavirus pandemic:-

1. Covid19 new case count increased by 7,258 on 28th May 2020. This is the second highest daily increase. As a result, 7 days and 14 days averages increased to 6,738 and 5,953 new case counts. The 7 days and 14 days averages of new cases are increasing everyday. Daily case counts are expected to hit 10,000 mark within 10 days considering the increasing number of districts infected by the coronavirus.

India Fight Against Coronavirus: Observation from 27th May 2020 Data

A few observations from 27th May 2020 (National Data) on coronavirus pandemic:-

1. COVID19 new case count increased by a record 7,270 on 27th May 2020. This is the highest daily increase. As a result, 7 days and 14 days averages increased to 6,556 and 5,717 new case counts. After a continuous fall for two days, daily counts again increased following the same old trend. The 7 days and 14 days averages of new cases are increasing everyday. Daily case count is moving in the direction of 10,000 daily cases and is expected to hit within 10 days considering the increasing number of districts infected by the coronavirus.

India Fight Against Coronavirus: Observation from 26th May 2020 Data

A few observations from 26th May 2020 (National Data) on coronavirus pandemic:-

1. New case count increased by 5,866 on 26th May 2020 with increased 7 days and 14 days averages of 6,334 and 5,463 new case counts. Daily counts have been falling since the last two days but it would be earlier to call it a trend reversal. The daily counts have been changing at different rates since beginning. The 7 days and 14 days averages of new cases are increasing everyday. Once 7 days and 14 days averages start falling, a trend reversal can be confirmed.

India Fight Against Coronavirus: Observation from 25th May 2020 Data

A few observations from 25th May 2020 (National Data) on coronavirus pandemic:-

1. New case count increased by 6,414 on 25th May 2020 with increased 7 days and 14 days averages of 6,375 and 5,299 new case counts. Daily counts as well as averages of new cases are increasing everyday at an increasing rate. 14 days average has crossed 5,000 count every day.

India Fight Against Coronavirus: Observation from 24th May 2020 Data

From the national data on the coronavirus pandemic, it can be said that even after a lockdown of more than 2 months, the upward trend is getting stronger day by day. Daily count as well as growth rates both are increasing even after a bigger base. This situation is not good at all and slowly India is moving in the direction of western countries. Four cities, Mumbai, Delhi, Chennai and Ahmedabad are the biggest hotspots in the country contributing 47% of national covid19 cases. It makes this fight against COVID19 a long drawn battle. However, there is only one good news that the mortality rate is falling with every passing day and is expected to remain below 2%. Because of the possibility of a low mortality rate states like are favouring herd immunity than the continued lockdown. The fall in recovery rate is natural.

India Fight Against Coronavirus: Observation from 23rd May 2020 Data

From the National Data on the Coronavirus pandemic, it is clear now that the upward trend is getting stronger with every passing day. Growth rate is increasing even after the increase in base. This is not good at all and will make this fight against COVID-19 a long drawn battle. However, mortality rate is falling and recovery rate is improving which is natural. A few observations from 23rd May 2020 National Data:-

 
1. New case count increased by 6663 on 23rd May 2020 with increased 7 days and 14 days averages of 5825 and 4897 new case counts. 5 days average is 6220. Daily counts as well as averages of new cases are increasing everyday at an increasing rate. 2 weeks average will soon cross 5000 count every day.

India Fight Against Coronavirus: Observation from 22nd May 2020 Data

A few observations from 22nd May 2020 National Data on the Coronavirus pandemic:-

1. New case count increased by 6570 on 22nd May 2020 with increased 7 days and 14 days averages of 5563 and 4650 new case counts. 4 days average is 6117. Daily counts as well as averages of new cases are increasing everyday at an increasing rate. 2 weeks average is moving to 5000 count every day.

Repo Rate Cut Will Help to Increase Demand

RBI has cut the repo rate by 40 basis points to bring it to 4%. It is a good and positive monetary response from the central bank to boost the demand in the economy. Coupled with a moratorium, the rate cut will result in more money in the hands of consumers to spend. Although, for the banking sector, it is not that good news and will have to face the brunt of this decision. The increasing moratorium period will not only have a negative impact on banks’ earnings in the short run but also on the NPAs as well in the long run. Apart from this the government has to get ready to recapitalize the banks in the next two years. At present the government needs to bring the lost confidence back to the people so that they start spending rather than saving for the unseen future.

India Fight Against Coronavirus: Observation from 21st May 2020 Data

A few observations from 21st May 2020 National Data on the Coronavirus pandemic:-

1. New case count increased by 6026 on 21st May 2020 with increased 7 days and 14 days averages of 5168 and 4420 new case counts. Daily counts as well as averages of new cases are increasing everyday at an increasing rate. 2 weeks average is moving to 5000 count every day.