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V-Shaped Recovery? Indian Economy Not Out of the Woods Yet, All Eyes on Union Budget
An employee fills glass tubes in a vial-making machine inside a manufacturing unit, in Jambusar, Gujarat on December 1, 2020. (REUTERS/Amit Dave)
While there can be no gainsaying the fact that key economic indicators have improved in the last few weeks, this improvement is neither broad-based nor has India outpaced other emerging markets in recovery.
Last Updated:January 06, 2021, 15:45 IST
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It is a ‘V’. The government has once again described India’s economic recovery in alphabetical terms and given itself another pat on the back for adequate fiscal response to the pandemic-induced economic shock in 2020. It has referred to “myriad” fiscal stimulus measures and declining daily infections to say that the Indian economy is riding against the global Covid-19 wave.