Why India's economy is showing signs of a recovery despite pandemic

India's economy is showing signs of bouncing back as the country's festive season gets underway, which traditionally gives a boost to consumer-dependent sectors. But analysts say there is still a way to go for a full recovery and risks remain amid fears of another possible surge in Covid-19 infections.“While green shoots are visible in certain sectors of the economy, we cannot still be very confident that the worst is over for the economy as a whole,” says Jyoti Prakash Gadia, managing director of investment bank Resurgent India. The latest government data shows India's gross domestic product grew by 20.1 percent in the April to June quarter.
This compares to a low base during the same period in 2020, when the country imposed one of the world's strictest nationwide lockdowns in response to the pandemic, pushing the country into a recession.