The Budget will also support recovery with higher than previously expected expenditures for fiscals 2021 and 2022.
India s economic recovery is gaining steam: S&P ANI | Updated: Feb 16, 2021 11:19 IST
Singapore, February 16 (ANI): India is on track for an economic recovery in the fiscal year ending March 2022, S&P Global Ratings said on Tuesday.
India needs many things to be right for its recovery to continue. Most significantly, the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people. The emergence of yet more contagious Covid-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery. As does the possibility of early withdrawal of global fiscal stimulus, said the report.