Best of BS Opinion: Covid-19 impact, ICICI-Videocon case, and more

The Indian economy contracted by about 24 per cent in the first quarter of the current fiscal year. Most analysts are now revising their full-year forecast downwards. Business Standard opinion pieces for the day, apart from other policy issues, talk about future possibilities and what the government should do.

I do not foresee a rapid recovery to strong economic growth in the medium-term, that is, beyond 2021-22. As I wrote in June, average, medium-term growth higher than 3-5 per cent looks a bridge too far, writes former chief economic adviser to the Government of India Shankar Acharya

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