CII Report On Role Of Financial Markets - Building India For A New World: ICRA
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ICRA Research Report
To say that the Covid-19 pandemic has dealt a blow to the Indian economy over the last two years would be stating the obvious.
While economic agents are learning to cope with the new reality, measures to boost confidence through accelerated vaccination and faster Government spending, would aid the economy in regaining a firmer footing.
Targeted fiscal measures to support the less formal economy would ease the pressure on monetary policy, allowing it to adjust to the post-pandemic scenario.
The 7.3% gross domestic product contraction seen in FY21 was an unavoidable outcome of the stringent nationwide lockdown. Subsequently, India’s real GDP has bounced back with a record-high 20.1% expansion in YoY terms in Q1 FY22.
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