The International Monetary Fund on Wednesday reduced India’s growth forecast for the current year to (-) 4.5 per cent from 1.9 per cent estimated in April. Although some of the indicators are showing signs of recovery, a broad-based revival would depend on how soon India is able to contain the virus. Business Standard opinion pieces of the day talk about the state of the economy among other issues
The government should not be too sanguine at this moment in time. The fear should be that, as Covid-19 cases are still not falling in crucial areas, and the economy itself is