The peak of the second coronavirus wave in India will come around mid-May (around 20 days from now) with active cases reaching around 36 lakhs, SBI Research in its latest report has said. 

As states go for partial or weekend lockdowns, SBI Research also revised India's FY22 growth projection to 10.4 percent real GDP and 14.2 percent nominal GDP.

It said based on other countries' experiences, might reach its second peak when the recovery rate will be 77.8 percent. "Given that every 1 percent reduction in recovery takes around 4.5 days, it translates into around 20 days from now. Also, our estimate shows that every 1 percent reduction in recovery rate increases active cases by 1.85 lakh," SBI Research reported title 'The Power of Vaccination' says.

Notably, India's case positivity rates have reduced to 20.5 percent, which is one of the lowest in the world, while the recovery rate has plunged to 82.5 percent. The country is recording over 3 lakh new coronavirus cases for the past over a week now.

The SBI report adds that India should not be "complacent" as it'll reach the peak of the second wave as "this could lead to a widespread increase in infection as has happened in the current wave".

On the controversy around election rallies being the prime cause of record rise in COVID-19 cases, the report cites high case tally in states like Maharashtra, Delhi and Chhattisgarh and calls for mass sensitization of public places for disinfection.

(With input from agencies)