Covid s second wave is expected to stunt rural demand, consequently, marginally dampening India s 2021 growth prospects.According to economy observers, heavy impact of pandemic in rural areas as well as rise in healthcare and other associated .
COVID’s second wave is expected to stunt rural demand, consequently, marginally dampening India’s 2021 growth prospects. According to economy observers,
India Ratings has revised its projections for economic contraction to 7.8 per cent for 2020-21 from the earlier expectation of 11.8 per cent due to easing Covid-19 headwinds and better than expected numbers in the second quarter of the current financial year. The rating and research agency expected FY22 growth to be 9.6 per cent, mainly due to the weak base of FY21. It said that while the headwinds emanating from Covid-related challenges are unlikely to go away till mass vaccination becomes a reality, the economic agents and economic activities have not only learnt to live with it, but are also adjusting swiftly to the post Covid world.