Most economists expect it to record double digit growth in the current fiscal year. (Representative image)
NEW DELHI: India is well armed to combat any downside risk posed by the recent surge in Covid cases, a finance ministry report said on Monday, asserting that the recovery is resilient with sustained improvement in majority of high-frequency indicators.
“After battling a historic pandemic in FY21, the Indian economy is poised to build back better and stronger as is reflected in the movement of several high-frequency indicators,” according to the monthly economic report of the finance ministry.
The report by the finance ministry’s department of economic affairs said instrumental in this resilient comeback will be a strong revival in investment growth supported by the Atmanirbhar Bharat Mission and a massive boost to infrastructure and capital expenditure provided for in the budget 2021-22.