India s budget plans derailed by 2nd Covid wave. Details here
India s budget plans derailed by 2nd Covid wave. Details here
The budget announced by Finance Minister Nirmala Sitharaman in February raised hopes of sharp economic revival, but the financial plan has been undone by the second wave of Covid-19 in India.
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UPDATED: May 17, 2021 17:47 IST
Earlier this week, Moody s said India s severe second wave will slow the near-term economic recovery and it could weigh on longer-term growth dynamics. (Photo: PTI/Representative image)
India s annual budget in February was lauded by many and raised hopes it would drive a sharp economic revival, but there are now fears that its promise may fall flat as it did not account for a crippling second wave of COVID-19 infections.