The U.S. Chamber of Commerce on Monday warned that the Indian economy – the world’s sixth largest – could falter as a result of a record spike in coronavirus cases, creating a drag for the global economy. Myron Brilliant, executive vice president of the Chamber, the biggest U.S. business lobby, said the risk of spillover effects was high given that many U.S. companies employ millions of Indian workers to run their back-office operations. “We expect that this could get worse before it gets better,” Brilliant told Reuters, citing a “real risk” the Indian economy would falter. “There’s a big concern about the drag on the (U.S.) economy by a devastating, spreading virus in India.” For now, he said the focus was on helping the Indian people. The Chamber and CEOs from 40 firms on Monday launched a public-private task force to provide India with urgently needed medical supplies, oxygen […]