‘Q1 growth reaffirms V-shaped recovery’

The V-shaped restoration within the first quarter of the present fiscal, regardless of the second wave of the coronavirus pandemic, is a sworn statement to India’s robust macroeconomic fundamentals, in accordance with the Finance Ministry.
In its newest Monthly Economic Review, the Ministry expressed concern over excessive incidence of Covid instances in Kerala and Maharashtra and underlined the necessity for strengthening pandemic management within the two states. The economic system grew 20.1 per cent within the first quarter of the present monetary yr reaffirming, “India’s resilient V-shaped recovery despite an intense second wave,” it mentioned.