Is The Economy Seeing A Sharper Than Expected Recovery?

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Feb. 9, 2021
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Is the Indian economy recovering? Is the impact of Covid on the economy likely to be lower than earlier anticipated? Well, the answer to a large extent, depends on what the reference point for comparison is. Compared to the growth estimate in July-2020, the economy is expected to see a sharper decline in the current financial year. But compared to the estimate in September-2020, the economy is expected to see a lower than expected decline in the current year. But one thing seems clear, consensus expectation for economic growth have increased gradually through the last few quarters. So irrespective of the expectation for FY21, optimism on FY22 has only increased...

 


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