India lockdown may be ‘too slow’ to stop millions of infections

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Thousands head to their villages, risking carrying the infection to nation’s vast hinterland. FMTNews India Lockdown

Indians wait to buy train tickets at Chhatrapati Shivaji Terminus in Mumbai, India.

Banks and the stock exchanges will stay open. Authorities also canceled all but a bare minimum of transport services and sealed as many as 75 districts in 22 states, hours into a self-imposed curfew on Sunday called by Prime Minister Narendra Modi. “The decision to bring life at a standstill is a good decision, but I’m not sure we have bought time for our people,” John said by phone on Sunday.

“The figures could be higher, unless with today’s nationwide curfew, we actually manage to break the chain of infection.” While the Reserve Bank of India is injecting both dollar and rupee liquidity to ensure markets don’t freeze up, any increase in risk aversion would make it harder for Indian companies to repay or refinance a record 5.9 trillion rupees of local notes maturing this year.Streets across India’s cities were deserted as citizens stayed indoors heeding Modi’s call for a 14-hour voluntary curfew on Sunday, part of the administration’s effort to curb the spread of the virus across the nation.

“Our biggest challenge is how do we break this chain of transmission,” said Lav Agarwal, a senior health ministry official said in a briefing in New Delhi on Sunday, noting there had been a big increase in cases recently.

 

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