Fiscal metrics to stay weak on COVID: S&P
The Hindu
‘FY22 GDP impact may be 100-300 bps’
An ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year, S&P Global Ratings said on Tuesday. “India’s COVID wave will inevitably hit the recovery and could push growth below 10%,” said Shaun Roache, chief economist, Asia Pacific at S&P. “The longer it takes to regain control, the greater the permanent damage, especially as policy space is limited.”More Related News