Economists raise doubts over timing of economic revival after Covid-19

State Bank of India's chief economic advisor Soumya Kanti Ghosh said GDP for one quarter had been lost, amounting to Rs 40-50 trillion, due to the coronavirus crisis

Economists on Friday expressed doubts over the timing of the economic revival in the post-Covid-19 world, saying the pandemic had sauntered on stage when the slowdown had already begun.

Rathin Roy, director of National Institute of Public Finance and Policy, an autonomous research body, said declining consumption and investment is not matched by the increase in government spending.

"Neither the Reserve Bank of India nor the government can save the economy. The private agents will have to ensure that they will drive the economic growth and take the lead", Roy said at a webinar organised by Indian Chamber of Commerce.