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  Economic activity in India has suffered due to localised lockdowns during the second Covid-19 wave, but the impact is unlikely to be as devastating as last year. Experts suggest that the economic impact will depend on how fast India manages to contain the second wave. Here is all you need to know. An unprecedented rise in Covid-19 cases is likely to slow down India's economic recovery, but the overall impact will be milder in comparison to last year's devastation. Experts say that extent of economic loss during the second wave will primarily depend on how fast the chain of infections can be broken.        While Covid-19 containment rules are less stringent compared to last year’s nationwide lockdown, economic activity is gradually declining as more states opt for stricter norms to contain rapidly rising daily cases. At the moment, cases are rising sharply as India reported  nearly 3.8 lakh cases and over 3,000 deaths  on Thursday. MODERATE IMPACT ...

  Packaged consumer goods maker Hindustan Unilever Ltd (HUL) said that the second wave of the COVID-19 pandemic won’t hurt the company and the overall FMCG market as much as it did a year ago thanks to rural growth holding up and better preparedness on part of companies. “The rural growth has still held on and in the first two weeks of April we have seen the same momentum as we had witnessed in the March quarter,” said Sanjiv Mehta, Chairman and Managing Director of HUL, in a press conference after announcing the results for the quarter ended March. In the fourth quarter of FY21, HUL reported consolidated net profit growth of 44.8 percent from a year ago. Rural growth was strong throughout the last fiscal year as initially the virus spread was mostly in large cities. Despite the farmer protests, India is eyeing a record Rabi wheat output of 108 million tonnes, Reuters reported on Thursday. Still, there are some concerns that the pandemic spreading to rural India could derail gr...