INSUBCONTINENT EXCLUSIVE:
that this would happen once vaccines are deployed extensively across the country and the second wave of the coronavirus disease (COVID-19)
economy faced its worst contraction in 2020-21 due to the COVID-19 shock
With large government stimulus and the ongoing vaccination drive, we expect economic activity will continue its recovery started from the
though, the forecast said that an uncertain pandemic trajectory with a prolonged second wave despite the vaccination push could affect
India's economic normalisation.It also expects the economic impact of the second wave to be relatively muted compared to the first wave in
line with global experience
Other downside risks include further tightening of global financial conditions on fast recovery in developed countries, which would apply
increase in capital expenditure budget in 2021-22.Increased government expenditure on health care, water, and sanitation will also
strengthen the country's resilience against future pandemics, the ADB forecast noted further.
