Why it is safe to say India’s economic recovery is real and might accelerate

Considering the available indicators, I anticipate Q2 numbers to be surprisingly high,” India’s Chief Economic Adviser KV Subramanian tells ET. “Next year we should have 6.5- 7% growth. And then we should be able to accelerate beyond 7% as reforms that we have undertaken will start powering a high growth.
”The Indian government’s economic template to deal with a Covid-19 wave has now been tested. GoI refused to enforce a national lockdown during the devastating second wave in April and May 2021. If and when a third wave whacks the nation, the template is likely to remain the same. This would ensure that there are no large-scale disruptions to businesses. This will also rule out any more dramatic drop in India’s economy.