Indian economy well prepared to handle second wave of COVID-19: FinMin
Despite the surge in cases, it said, the recovery in economy is resilient with sustained improvement in majority of high frequency indicators.
BusinessToday.In | April 5, 2021 | Updated 16:40 IST
India is well-equipped with adequate testing and health infrastructure, and economic activity has adapted to the pandemic, the ministry said.
Backed by vaccinations and the experience from controlling the first wave of coronavirus pandemic, the Indian economy is well prepared to handle any downside risks posed by the second wave of COVID-19 cases, the Finance Ministry has said.
India is well-equipped with adequate testing and health infrastructure, and economic activity has adapted to the pandemic. This prospect is, further, bolstered by the fast roll-out of vaccination, the Department of Economic Affairs said in its monthly economic review.