New Delhi: India has not only caught up with its pre-pandemic output in the second quarter of the 2019-20 financial year, but is also expected to do so for the full year too, a finance ministry report said on Saturday. The report also asserted that preliminary evidence suggests the impact of the Omicron variant is expected to be less severe due to rapid vaccination.
It said India will be among only a few economies in the world to rebound strongly from Covid-induced economic contraction of 2020-21.
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