Economic development this year will depend on when recovery starts, as it is now unpredictable whether it will happen in the 2nd half of the year or will be delayed to the next monetary year, Chief Economic Consultant Krishnamurthy Subramanian has said.
” At the beginning of this monetary year, in April when we were in the first few weeks of the lockdown, we had actually estimated growth to be at 1.5-2%this year, and that was conditioned on a V-shaped recovery in the 2nd half of the year,” he told reporters on Thursday.
