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Financial recovery on rough patch, 2d Covid-19 wave could dampen potentialities

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Gaps in recovery were surfacing after the resurgence in new cases as a result of Covid-19 2d wave, but the moderation in the capture-up seems to possess begun successfully earlier than.

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Coronavirus | Indian Economy | International Monetary Fund

Whereas the International Monetary Fund has maintained formidable growth estimates for FY22, the Reserve Monetary institution of India has kept its forecast unchanged owing to a coordinated fiscal and monetary response. The 2d Covid-19 wave is likely to place India’s economic recovery off target.

Gaps in recovery were surfacing after the resurgence in new cases, but the moderation in the capture-up seems to possess begun successfully earlier than the 2d wave. Indicators began worsening in January, and the resurgence of the epidemic began in February. Arrive April, the disease began spreading quicker than …

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First Published: Wed, April 07 2021. 16: 20 IST

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