India's second COVID-19 wave is spreading faster than the first, though with a lower fatality ratio. As per Crisil's report, the past week (March 29-April 4), saw daily cases shooting up from 68,000 to over 1 lakh -- a whopping 52 per cent increase. In comparison, cases had risen only 9 per cent in the week, as India had seen similar per day cases in August last year.

Crisil said as of April 4, daily cases have crossed last year's peak, and continue to exceed recoveries (60,000), leading to increasing case load. The infection rate is faster this time around: cases increased by 52 per cent in the past week from 68,000 to 1,00,000, compared to a 9 per cent growth around August when cases per day were around similar levels.