India's pandemic situation is beginning to attract attention, and based on current trends, the threat level of this wave of infections could surpass that of COVID-19 in 2020. We all remember how severe the impact of the pandemic was on global markets in 2020—U.S. stock markets halted trading, oil prices even fell into negative territory, and the cryptocurrency market experienced the famous 312 crash.

The current question is, if the pandemic in India continues to spread and spirals out of control, what does that mean for global markets? It is very likely to become a black swan event. Considering India's economic size and its important role in the global supply chain, a large-scale outbreak could have impacts far beyond expectations.

Therefore, this situation warrants close attention. Whether it’s the stock market, commodity futures, or crypto assets, all may face a new round of volatility pressure. It is advisable for everyone to stay vigilant and prepare for risk management.