European Commission President Ursula von der Leyen and Indian prime minister Narendra Modi had a call on Monday in which a comprehensive trade deal to deepen economic ties were discussed. Therefore, the trade deal and resumption of talks is a priority for both the countries. Moving on to updates from the UK, Prime Minister Boris Johnson hinted that there might be resumption of travel from May 17 as the European Commission announced plans to reopen to fully vaccinated tourists.
India is fighting the second wave of the pandemic and reported around 370 thousand Covid 19 infections on Monday. With the nation struggling to keep their citizens safe from the virus and provide medical aid to those hit by the virus, the government’s failure to tackle the second wave has been highlighted. Now for some important economic data announcements, US Construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2 per cent above the revised February estimate according to the U.S. Census Bureau.