Synopsis
With continued policy attention on reforms — which spur private investment, increase the economy’s competitiveness, promote greater integration into the global economy, and ensure an efficient financial sector — India can revert to the growth path of the past.
By Poonam Gupta Dhruv SharmaThe Covid-19 pandemic has led to exceptionally challenging times. World Bank projections suggest that the globaleconomy will contract by 5.2% in the current year. India, too, is likely to be significantly impacted.Covid-19 afflicted India when the economy was already decelerating. After growing at an average of 7% a yearin the previous decade, growth decelerated to 6% in 2018-19, and fell further to 4.2% in 2019-20.
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