India's Covid tragedy was avoidable, and is largely the fault of a boastful, incompetent government. Yet, Modi may suffer few political consequences for his devastating missteps.
Investors say they are avoiding midcaps based on global economic cues, valuations. While Sensex flirts with technical correction, expensive smaller stocks could have more to lose.
Around 18% of all Army personnel, 10% of Air Force and 30% Navy personnel are left to receive the second Covid vaccine dose. Defence forces have so far seen 44,000 Covid cases.
Between premature victory mood that allowed Kumbh & elections, and lack of urgency on vaccines, Modi govt has walked into its biggest crisis. The way out needs realism, humility and one ‘Ram baan’ weapon.