Monday, January 25, 2021

Strong fundamentals will lead India back to pre-Covid levels: Minister

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Country is likely to get new buildings for the Parliament by 2024.New Delhi, Dec 17 (IANS) Union Minister Hardeep Singh Puri said on Thursday that strong economic fundamentals will lead India back to pre-Covid levels in January-March 2021.

According to Puri, considering the impact of the Covid-19 pandemic on livelihoods, the government has decided to open up the economy in a calibrated manner and as a result, India is now on the path to recovery.

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The minister was speaking at a webinar on ‘Stimulating the Growth Trajectory of Indian Economy’ organised by the PHD Chamber of Commerce and Industry (PHDCCI).

Puri said improvement has been seen in economic and business indicators in the recent months such as IHS Markit manufacturing PMI and GST collections, among others.

Besides, he said challenges posed by the impact of Covid-19 also presents an opportunity.

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Puri said that the pandemic has given an opportunity to make assessment of the vulnerable sectors of the economy and take steps for their rejuvenation.

In addition, he said the government is ready to work with the industry to fulfil the gaps in the manufacturing sector, whether it relates to physical gap or policy gap.


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