Second wave a downside risk for first quarter, impact to be muted: Finance ministry
Posted on Saturday 8th May, 2021 by Ankit
The Finance Ministry said that the second Covid wave is a downside risk to economic activity in the first quarter of the current financial year, but it is expected to have an impact comparable to the first wave a year earlier. Businesses have adapted to cope with the Covid-19, which provided some flexibility, the Finance Ministry said in its monthly economic review for April, stating that the impact on the economy may not be as severe.
Source: Economics TimesCovid-19