WASHINGTON: The economic consequences of Covid-19 pandemic on South Asia are proving to be even larger than the healthcare challenges within the area, based on a report compiled by a high American think-tank.
Titled “9 Months of Covid-19: The Affect on South Asia”, the report launched by the Hudson Institute think-tank on Friday, is co-authored by Husain Haqqani, former Pakistan ambassador to the US, and Aparna Pande and is an update to their 30-page report “Crisis from Kolkata to Kabul: Covid-19’s Affect on South Asia” revealed in Could 2020.
“The financial penalties of Covid-19 on South Asia are proving to be even larger than the healthcare challenges within the area. Completely different South Asian nations have handled the pandemic in varied methods, however the financial prices general appear to be larger than the healthcare penalties,” mentioned Haqqani.
All these nations have poor healthcare infrastructure and are house to massive numbers of individuals dwelling under the poverty line, setting the muse for uphill battles when tackling well being crises, he mentioned.
“With a view to guarantee a protected return to regular life and a resumption of financial exercise, South Asian governments would profit from focusing extra on the event of human capital, Haqqani mentioned.
The report notes that after claiming that Pakistan had undergone a miracle in managing to curtail the unfold of Covid-19 cases, the nation is as soon as once more dealing with an increase in an infection.
“As well as, the final 9 months have witnessed additional curtailment of media and political opposition, an financial system in disaster, and rising position of the army,” it mentioned.
In line with the report, in Sri Lanka too, the pandemic has worsened the debt disaster and tightened the grip of the Rajapaksha brothers on polity and society.
With rising instances, Bangladesh is the second most severely hit financial system and the pandemic has worsened revenue inequality, it mentioned.
Turning to Afghanistan, whereas the healthcare disaster is taking its toll, the Afghans are additionally affected by the continued violent assaults by the Taliban and ISIS, it added.
With regards to India, the biggest nation within the area, the report notes that whereas the India-US relations “stay on an upward trajectory” with an financial system that has slowed down drastically, and a clamping down on dissent inside the nation, “India’s democratic credentials face challenges.”
The report factors to China’s continued “makes an attempt to deepen its strategic and financial ties with nations within the area”, warning that the “the worldwide US-China peer competitors may also play out in South Asia, with Pakistan and Sri Lanka changing into nearer to China and different nations safeguarding their choices.”
In line with Johns Hopkins College, greater than 1,349,700 folks have died and there are over 56,270,000 confirmed instances internationally.

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