Will OMICRON lead to third wave of COVID-19?

The new variant of Coronavirus, OMICRON, has raised alarm for India. The reason is that the variant is capable of infecting more and more people in shorter time duration. 

On the other hand, scientists do not have much clue about the new variant as research is still underway. Take a look at the report to know if the variant will become a reason for the third wave of Coronavirus or not.