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Second Covid-19 wave a downside risk in Q1, says Finance Ministry

Impact on the economy is expected to be muted compared to first Covid wave, says report

Covid-19 testing, covid-19, covid
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Learning to “operate with Covid-19, as borne by international experience, provides a silver lining of economic resilience amid the second wave”, the report said

Shrimi Choudhary New Delhi
The finance ministry on Friday said the second wave of the pandemic had posed a downside risk to economic activities in the April-June quarter of 2021-22.
 
However, its impact on the economy is expected to remain muted compared to the first wave.
 
The ministry’s Department of Economic Affairs (DEA), in its “Monthly Economic Review” for April, said “the second wave in India is witnessing a much higher caseload with new peaks of daily cases, deaths and positivity rates and presents a challenge to ongoing economic recovery”.
 
Pinning hope on vaccines, the report said: “April saw a doubling