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‘Most have similar or higher fuel taxes’ Top Searches ‘Most have similar or higher fuel taxes’ Surojit Gupta & Sidhartha / TNN / Updated: Jul 29, 2021, 09:10 IST FacebookTwitterLinkedinEMail How do you see the economic situation now? If we look at the economic impact of the second wave, there are two-three important differences. First, the wave itself was much shorter, the pace of rise was very sharp and similarly the pace of decline was equally sharp and six-to-eight weeks were really intense. In contrast, the first wave lasted for six months. Second, this time the restrictions were all placed at the state level, they were asynchronous in time and they were also heterogeneous in their intensity. Third, most essential activities and inter-state movement were not impacted. Mid-May onwards, many high frequency indicators that we track started trending up again. When you put these and other data together, the overall economic impact of the second wave is not likely to be v

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