MOST HIGH frequency indicators were peaking in India before the pandemic hit the country in March last, said Chief Economic Adviser, Krishnamurthy V Subramanian. According to him, if the pandemic had, counter-factually, hit in April, India’s growth would have reached 6 per cent. The topic of the panel discussion was ‘India’s Economy: How it can regain sustained growth’ and it was part of a day-long online series to discuss India’s place in the post-pandemic world. Subramanian seemed optimistic about coming away with fewer “scars” from the impact of the second wave, as he spoke of the learning from the first cycle of the pandemic. “Then, we were a situation of ‘unknown unknown’, now it is a situation of ‘known unknown’.

Source: Indian Express April 28, 2021 21:33 UTC