Decoding recovery path of the Indian economy
Mon, Dec 21 2020 06:08:53 PM
Dr. Niranjan Hiranandani
Dec 21 (IANS): No one ever thought of the scale and magnitude of disruption that was caused by the Covid-19 pandemic. In the aftermath, the resurgence would be equally trying especially in a country like ours with a complex economic framework. However, we need to applaud the government for paving the way for an impressive recovery, with a judicious mix of spending and structural reforms. The outcome of the efforts visible in the Q2 numbers which showed a single-digit economic contraction of 7.5 percent as compared to 23.9 percent in Q1. The figure beats the global average, where according to an analysis, 49 economies declined at an average of 12.4 percent.