Depends.
Dutch antibody study of blood donors reveals 3% infection rate and very low IFR for those under 70. : COVID19
Age group Hospitalization rate Mortality rate
20-29 0.2% 0.004%
30-39 0.3% 0.007%
40-49 0.8% 0.014%
50-59 1.9% 0.103%
60-69 3.4% 0.492%
C'mon. Let's see the test specificity... This does not seem to be consistent with the reality of what we are seeing in NYC. These numbers do not "feel" right to me; they seem way too optimistic.
In NYC, they're seeing death rates of 100 per 100k people (of that age, in NYC) for ages between 45 and 64! And they're not even fully infected yet, nor have all the
currently infected people in this age bracket kicked the bucket yet! For a 60% herd-immunity-infected population (I will assume this age group is 30% infected already), I would therefore estimate
they'd end up at 300-400 deaths per 100k (0.4%) people between 45 and 64 (that's
considerably higher than the numbers above, once you weight IFRs in the age groups by their population proportion, and take into account that that Netherlands data above include the 65-69 group as a dominant portion of the 0.492% estimated IFR).
COVID-19: Data - NYC Health
There are 188 million such people between 45 and 64 in India (2011), and we've already accounted for the 60% in the death rate per 100k, assuming herd immunity infection level infection:
Extrapolate to India: 300 deaths /100k * 188e6 = 564k
If New York City in this age group is actually 60% infected right now (seems unlikely), then this drops to a mere 300k deaths. But I think that's really unlikely.
In India, using same method extrapolating from NYC @ 30% infected currently, add another 30 deaths/100k for the 357 million (2011) between 19 and 44.
That's about 100k additional.
I'd be shocked if this strategy is attempted in India, and it results in fewer than a million deaths (assuming perfect shielding of those over 64, which of course would not be successful at all, and would turn into a sh*tshow of epic proportions).
Anyway, really need those serology tests from New York City and then doing all these calculations will be really easy.