Omicron may be less severe risk: FinMin
The Hindu
Ministry see recovery strengthening in second half, says fuel tax cuts to help dampen inflation
India’s economic recovery is expected to gain further strength in the second half of this fiscal year, following the 8.4% GDP growth recorded in Q2, the Finance Ministry said on Saturday, citing preliminary evidence that the Omicron coronavirus variant may be a ‘less severe’ risk.
Stressing that India was one of the few countries to record four consecutive quarters of growth amid COVID-19, the ministry said the country would catch up with pre-pandemic levels of economic activity over the full year 2021-22.
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