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India’s economy is healing but battered by Covid-19 waves

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www.livemint.com

NEW DELHI : India’s economy is growing at a record pace but still digging out from one of the deepest recessions to hit any major economy during the pandemic.

The country’s gross domestic product grew 20.1% in the three months ended June, a period when India suffered through one of the world’s worst Covid-19 surges of the pandemic.

The double-digit growth reflects a comparison with a year earlier when the economy contracted by about 24%, the country’s sharpest decline on record.

India was the first nation to be hit by a major Covid-19 wave driven by the Delta variant, slowing a recovery that began in late 2020.

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