Biden Admin praises Modi Govt | Steering of economy during the pandemic

Published on June 11, 2022 09:30 PM IST

“The Indian economy is recovering strongly despite the 3 Kovid-19 waves,” the US Treasury said in a report to Congress. A severe second wave will weigh heavily on growth by mid-2021, delaying economic recovery. The US Treasury praised India’s vaccine drive – economic activity rebounded in the second half of the year. After shrinking 7% in 2020, production returned to pre-epidemic levels by the second quarter of 2021. US Treasury Seminary Annual Report – 44% of Indians are fully vaccinated by the end of 2021, with full-year growth of 8% by 2021. In 2022, India faces an omicron-driven outbreak, but the death toll and widespread economic downturn are limited. The Government of India continues to provide financial assistance in the wake of the epidemic in 2021.

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