Finance Ministry report says, 'Uncertainty on COVID curve flattening poses risks for economy'
The report released by the Finance Ministry on the present economic growth rate and recovery expectations for India red flags the COVID risks significantly while stating that there is surrounding uncertainty due to the pandemic. The COVID-19 pandemic had brought the economy to a crashing halt amid the 3-month lockdown announced to curb the spread of the virus. It adds that the virus fears also have the potential to derail business growth and opportunities in the coming months. The report, however, also acknowledges the emerging green shoots in the rural economy which have been touted as many including PM Modi the key to the economic recovery.
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