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View: For the sake of economic recovery, it is time to get along and get it right this year

View: For the sake of economic recovery, it is time to get along and get it right this year
View: For the sake of economic recovery, it is time to get along and get it right this year

Synopsis

India’s path to economic recovery in 2021 will be a gradual one. It requires a continuously synchronised broad-based policy support from both the RBI and GoI for reviving the consumption, investment and financial sectors.

The reality of a Covid-19 vaccine around the corner is a shot in the arm to business and consumer sentiment, especially when India stands at a very critical juncture. After posting a contraction of 23.9% in Q1 FY2021, India’s real GDP fared better than expected in Q2 FY2021 as it contracted by 7.5%, instead of expected an 8-10% contraction. However, recovery has been uneven, with a handful of sectors such as agriculture, manufacturing,
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The Economic Times