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As economic activities have slowed down amid the second wave of Covid-19 and lockdowns across states, a Finance Ministry report has said that faster vaccine coverage and frontloading of fiscal measures announced in this year s budget would be the major factors in boosting the investment and consumption cycles and, in turn, reviving the economy.
According to Department of Economic Affairs, the higher economic growth during the fourth quarter may be linked to the unlocking phase and revival in business that was underway during the period.
As economic activities have slowed down amid the second wave of Covid-19 and lockdowns across states, a Finance Ministry report has said that faster vaccine coverage and frontloading of fiscal measures announced in this year s budget would be .
India needs 93 lakh COVID-19 vaccinations per day to achieve herd immunity by Sept: FinMin
The ministry says as per India s demographic distribution, 86.5 crore people or 63.1 per cent of the population is above 18 years of age. Assuming herd immunity at 80 per cent, the target population to be vaccinated is 70 crore, it adds
BusinessToday.In | June 9, 2021 | Updated 22:06 IST
To avoid or lower the ferocity of subsequent waves, an accelerated vaccination drive is imperative, says the finance ministry
The finance ministry, in its latest monthly economic review for May, has said the momentum of economic recovery has been moderated by the ravaging second wave of COVID-19. Unlike the first wave, the effect of the second wave has been asynchronous in its onset across states and wider in its spread as the second wave also entered the rural hinterland, the report said.