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Indian economy riding against the Covid wave, in good health: FinMin

This comes days ahead of the advance estimates for gross domestic product (GDP) growth for FY21

Indian economy, GDP
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According to the DEA, India has been successful in bending the Covid curve, with falling infections, a rising recovery rate (now at 95 per cent), and one of the lowest fatality rates

Shrimi Choudhary New Delhi
The finance ministry on Tuesday said the impending vaccination drive in various countries, coupled with sustained improvement in high frequency indicators, helped the economy perform better in H2FY21.
 
This comes days ahead of the advance estimates for gross domestic product (GDP) growth for FY21.
 
In its monthly economic review for December, the Department of Economic Affairs (DEA) said: “Approval for the long-awaited vaccine and initiation of vaccination drives in various countries has enhanced optimism on both the health and economic fronts, despite the continuing surge in global cases and potential challenge of a mutant strain.”
 
It added that the effective