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Resurgent Covid: Rising infections to subdue growth
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Resurgent Covid: Rising infections to subdue growth
By IANS |
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Growth chart. (File Photo: IANS). Image Source: IANS News
New Delhi, April 7 : Resurgence of Covid-19 cases, along with high inflationary pressure is likely to subdue the economic recovery process, fear industry insiders.
Besides, economy watchers cite partial restrictions as well as localised lockdowns as real demand killers .
However, the shock of the initial lockdown in 2020 is not expected to be repeated this time around due to excessive liquidity, low interest rates, combined with the experience gained by India Inc in handling the situation last year.
Similarly, the expansion in e-commerce space by companies is also expected to play a crucial role during this period.