Let me add one data point: Hungary has currently the highest mortality for covid-19 in the world, and still currently higher than India, for apparently the same reason, healthcare over capacity.
(The trend is different though, there's hope)
(The trend is different though, there's hope)
Plus, at least in the first wave in Bangalore (where I grew up), there were no instances of crematoriums melting down and such. So the under-reporting of deaths was likely not as bad in the first wave as it is right now, but the under-reporting of cases was certainly quite large as testing capacity took a while to come online.