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Economic Watch: India’s economy continues to tumble amid COVID-19 pandemic

by Peerzada Arshad Hamid

NEW DELHI, Aug. 3 (Xinhua) — As the threat of a third wave of COVID-19 looms large over India, an increasing uncertainty has reduced business and consumer confidence in the country.

Apprehension of a severe third wave of the COVID-19 pandemic with the emergence of new and more transmissible variants might necessitate the reimposition of lockdowns, which would lead to a further re