India likely to reach pre-Covid growth levels by fiscal-end: Finmin

Warns second Covid wave may derail recovery as breach of social distancing is being observed

The finance ministry on Wednesday said the economy has been recovering at a fast pace and would likely to reach pre-Covid-19 levels by the end of the current fiscal year. It, however, cautioned that the second wave of the pandemic could derail the recovery and warned against the breach of social distancing. 

The finance ministry’s Department of Economic Affairs (DEA) in its Monthly Economic Review for October said that the continuous improvement in forward-looking Reserve Bank of India (RBI) indices of consumption and business sentiment for the next year gave hope for a strong economic rebound. This was also corroborated by