Impact of second wave on economy and India's sovereign rating

Stricter restrictions imposed by states to check the spread of covid-19 has hurt mobility in the country, and various assessments indicate, that could deepen the economic impact in the coming weeks. Mobility indicators such as Google retail & recreation and Apple driving index have dropped significantly in the past weeks after the second wave intensified in the country. So, the question is what will be its economic and India's sovereign rating implication? And will the 2021 budget proposal targets be pushed further due to second wave? To discuss Mint's Nasrin Sultana is in conversation with Aurodeep Nandi, economist, Nomura.