Indian Economy: Hope for a boom in the economy in the new year, know how is the condition of the epidemic and inflation

Indian Economy: The Indian economy is expected to grow after recovering from the challenges posed by the pandemic across the country, although challenges remain due to rising cases of corona virus infection and inflation. The direction of the domestic economy will be decided based on the budget announcements in early 2022, decisions regarding continuation of stimulus measures and the stance of monetary policy.

Economy will grow at the rate of 9 percent
The domestic economy is projected to grow at more than nine per cent during the financial year ending March 2022. In the meantime, accelerating the vaccination campaign and additional doses for select categories of people will help to avoid the outbreak of Omicron form.

will see strong improvement
Experts believe that the economy will see a strong recovery in the coming months and it is expected to grow from pre-Covid levels. However, if the virus outbreak goes unchecked, growth may be affected. The economy registered a growth of 20.1 per cent during the April-June quarter of the current financial year. This happened because of the low base effect.

After the lifting of the restrictions, the economy will pick up
Industry body FICCI President Sanjiv Mehta said that the potential growth of more than 9 per cent in the current financial year ending March 2022 is good, although the country needs continuous growth of 8 per cent in the long term. Rating agency Fitch said it expects a strong recovery in the services sector after most restrictions are lifted.

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