‘Economy in better shape than during 2020’s COVID-19 wave’
The Hindu
CEA Subramanian says uncertainty is much lower because of vaccination drive
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 (CEA) K. V. Subramanian said on Friday. “There is a second wave therefore people should be careful about it and follow all regulations,” he said, speaking at an event organised by Amazon. “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,” the CEA added. Following the outbreak of the pandemic in 2020, India went in for one of the strictest lockdowns, leading to a massive contraction of about 24% in GDP.More Related News