Reforms to mitigate Covid-19 impact will ensure long-term growth: FinMin

The implementation of 'Aatmanirbhar Bharat' package and unlocking of the economy have ensured that economic recovery in India has gained momentum

Important structural reforms undertaken by the government to combat risks associated with the coronavirus pandemic will strengthen the country's economic fundamentals and ensure long-term sustained growth, a report by Finance Ministry has said.

"The enabling policy environment and initiatives taken by all stakeholders to seize the available opportunities will actualise the growth potential of the Indian economy," the monthly economic report prepared by the Economic Affairs Department of the Finance Ministry said.

The sustained spread of the virus poses a downside risk to short-term and medium-term growth rate, it said adding that the government has strategically undertaken various important structural reforms, encompassing