Indian economy the fastest to recover after the Corona pandemic: report b

Washington: The second wave of the Coronavirus pandemic in the middle of 2021 had severely impacted the Indian economy. The US treasury department claimed in its report that the Indian economy took a significant leap and was the fastest in the world to be back on track. This half-yearly report prepared for the US Congress also praises the Corona vaccination campaign conducted by India.

The first wave of the Corona pandemic did not have much effect on India. India was away from the disastrous effects of the Coronavirus pandemic compared to other countries. But the second wave that started in mid-2021 hit India hard. This had a destructive impact on the Indian economy. Despite this, the slide in the Indian economy did not last long. The report notes that the Indian economy recovered at a neck-breaking speed.

The Omicron variant entered India at the beginning of 2022, but this did not have much effect on India. By citing that the death rates and economic impact of this variant were minimal, the report praises India. The report points out that the Indian government had adopted a policy to support the economically weaker sections during the pandemic. The report also points out that the Indian Reserve Bank did not change interest rates during the pandemic period.

At the same time, India had completed the vaccination of nearly 44% of its population by the end of 2021. The US Treasury Department also has praised this vaccination blitzkrieg.