Akshi Kamboj (intern journalist) While the outbreak of coronavirus has caused the economy to take steep fall with falling by 3.1% in Q4, NITI Aayog’s VC Rajiv Kumar said in a press conference that it may rise by 6% in the next fiscal year. He also added that the evidence of such rise can already be seen in the economy as 15-16 sectors have already attained their pre-covid levels.
“Economy will start to recover from the fourth quarter and could grow by 6% next fiscal on a low base.”
Kumar said in a Twitter Live session on Friday, hoping that Covid will begin to taper in coming months.
Steps to be taken to ensure this rise:
- The government may look at the stimulus again to revive investment and boost demand
- need to design and implement necessary structural reforms
- global collaboration to redesign global institutions and regulations
- collaboration on technological front
“The foundation for all of this will be built in AatmaNirbhar Bharat which will result in a very different engagement of Indian with the rest of the world.”
Rajiv Kumar concluded.
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