Home Economy India economy seen growing at world’s quickest rate despite Covid outbreak

India economy seen growing at world’s quickest rate despite Covid outbreak

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The Indian economy’s resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one’s yet doubting its potential to pull off the world’s fastest pace of growth among major economies this year.


The economy is on track to grow 10% in the year that began April 1, according to the median of 12 estimates compiled by Bloomberg That’s after several economists downgraded their forecasts in recent weeks to factor in local curbs on activity, including in India’s political and commercial hubs.



But the downgrades are a message to not take the economy’s recovery for granted. Economists say the relaxation of restrictions across states will determine the strength of the rebound, while the willingness of consumers to spend — as they did last year when lockdown curbs were lifted — will also be key.


It was pent-up demand for…

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