The Indian economy is on course for a “fairly steady and sustainable recovery” as the chances of another major Covid outbreak have diminished thanks to the country’s inoculation drive, finance secretary TV Somanathan said in an interview. He also ruled out any significant impact from the ongoing power crisis on output, as flagged by some experts, saying the coal shortage was a temporary problem.
“Without the third wave, without a big recurrence of Covid, I think we are now on course for recovery,” Somanathan said.
