Address the K question

Uneven economic recovery will not be sustainable

The Indian economy is recovering from the Covid-induced disruption and the full-year contraction is expected to be much better at 7.7 per cent than earlier forecasts. A sharp decline in new infections and increasing mobility should aid the recovery process even in the next fiscal year. The vaccine roll-out will also help contain the spread of the virus and revive economic activity. All this will provide the much-needed comfort to the government in designing future policy interventions, including those in the upcoming Union Budget. However, a recovery from the lockdown lows should not become a reason for the policy establishment