Overall impact of Covid 2nd wave on economy not likely to be large: India’s Chief economic advisor

CEA K V Subramanian, however, cautioned against the pandemic going ahead and expressed scepticism about achieving double digit growth in the current fiscal.

Chief economic advisor K V Subramanian on Monday said the overall impact of the second wave of Covid-19 on the country's economy is not likely to be large but cautioned about uncertainty surrounding the pandemic going ahead. He further said that given the circumstances due to the pandemic, it is difficult to forecast if the country would achieve a double digit growth in the current fiscal. The Economic Survey 2020-21 released in January this year had projected GDP growth of 11 per cent during the current financial year ending March 2022.