Home / Economy / News / Economic recovery fragile due to Covid-19, states' lockdowns: FinMin

Economic recovery fragile due to Covid-19, states' lockdowns: FinMin

India is well on the path to a recovery from a trough in April, says Ministry report

Premium

A policeman stands guard near a closed market after the authorities imposed weekend lockdown from Friday (6 PM) to Monday (6 AM) due to surge in COVID-19 cases, in Jammu

Arup Roychoudhury Indivjal Dhasmana New Delhi

3 min read Last Updated : Aug 04 2020 | 10:43 PM IST

The finance ministry said on Tuesday that the prospects of India’s economic recovery remained “fragile” because of a surge in Covid-19 cases and frequent lockdowns.

“India is well on the path to a recovery from a trough in April, ably supported by proactive government and central bank policies. However, the increase in Covid-19 cases and subsequent intermittent lockdowns make the recovery prospects fragile and call for constant and dynamic monitoring,” the Department of Economic Affairs said in its economic report for July.

The report said the future economic recovery was crucially linked to how the Covid infection curve evolved across states. “India’s

Topics : Coronavirus Economic recovery Finance Ministry COVID-19

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in