NEW DELHI: The Indian economy is in a better shape as compared to the previous Covid-19 wave witnessed last year because of vaccines, chief economic adviser K V Subramanian said on Friday.
Speaking at an event organised by e-commerce major Amazon, he said uncertainty is much lower this time but people should be cautious. There is a second wave therefore people should be careful about it and follow all regulations. But overall compared to previous episode, we are in a better shape because vaccine is out and vaccination drive is proceeding. So uncertainty is much lower, he said.
Following the outbreak of Covid-19 pandemic in March 2020, India went in for one of the strictest lockdowns in the world, leading to a massive contraction of about 24 per cent in GDP.