The second wave of the coronavirus disease (Covid-19) has affected India's economic recovery but with speedy vaccination and the removal of lockdown-related restrictions the economy is expected to start recovering from July, said Krishnamurthy Subramanian, the chief economic adviser (CEA) to the Government of India. In an interview with news agency ANI, the CEA shared his projections on India's economic growth in the wake of the pandemic and what it means for the country's fiscal deficit and disinvestment targets. Also Read: Darkest year in four decades: Chidambaram on economy"Covid-19 is not going to impact our fiscal deficit target and disinvestment target," said chief economic advisor KV Subramanian to ANI. This is definitely ambitious, but not impossible: Chief Economic Advisor KV Subramanian — ANI (@ANI) June 3, 2021Speaking on India's vaccination target, he said that inoculating the entire population is possible by December. Also Read: India's economy to grow at 9.3% in FY22, risks persist: Moody'sIndia's chief economic advisor expressed hope that the country's economy will turn around by the next month, acknowledging that the second wave of the pandemic affected its initial recovery.

Source: Hindustan Times June 03, 2021 13:41 UTC