US Chamber sees ‘real risk’ of Indian economy weakening due to COVID-19 spike By Reuters

© Reuters. FILE PHOTO: Spread of Coronavirus Disease (COVID-19) in Delhi

WASHINGTON (Reuters) – The US Chamber of Commerce warned on Monday that India’s economy – the sixth largest in the world – could weaken amid a record spike in coronavirus cases, putting a drag on the global economy.

Myron Brilliant, executive vice president of the House, America’s largest business lobby, said the risk of spillover effects was high given that many American companies use Indian workers to manage their back office operations. .

“We expect it could get worse before it gets better,” Brilliant told Reuters, citing a “real risk” that the Indian economy would falter under the circumstances. “There is great concern about the project on the economy by a devastating virus spreading in India.”

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