KV Subramaniam said- Expectation of recovery in the economy from July, 1 crore vaccination per day is not impossible | KV Subramaniam said- Expectation of recovery in the economy from July, 1 crore vaccination per day is not impossible

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  • KV Subramaniam Said Expectation Of Recovery In The Economy From July, 1 Crore Vaccination Per Day Is Not Impossible

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He said that if we vaccinate people in three shifts of the day, then by December all the people of the country will get the vaccine. We can vaccinate 1 crore people every day. (file photo)

The economic condition of the country has been disturbed by the Kovid-19 pandemic. But the government expects economic recovery from next month i.e. July. The Chief Economic Adviser (CEA) to the Central Government, KV Subramaniam, said on Thursday that we hope that the recovery in the economy will start from July. Because now the restrictions are being removed by the states. Also, if the vaccination is accelerated, then its support will also be available.

One crore vaccination is not impossible
This statement has come at a time when the country is battling the second wave of the Corona epidemic. Lakhs of people from different sectors are going through the worst phase of unemployment. Subramaniam said that if we vaccinate people in three shifts of the day, then by December all the people of the country will get the vaccine. We can vaccinate 1 crore people every day. It is completely ambitious, but not impossible.

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What did the CEA say on the economy?
He further said that the fiscal deficit and disinvestment target will be affected by the pandemic. Recently, the government had released data related to this. According to the data, the fiscal deficit for the financial year 2020-21 stood at 9.3% of the total GDP, which is lower than the government’s estimate of 9.5%. GDP also fell by 7.3% during this period. At the same time, in the fourth quarter, GDP remained positive for the second consecutive quarter and grew by 1.6%.

The rise in the stock market shows the possibility of good economic growth
KV Subramaniam said on the record growth of the domestic stock market that investors are confident that the economy will do well. The Indian stock market has been the best in terms of good economic growth and investment. On Thursday, June 3, the Sensex climbed 382 points to a record 52,232 and the Nifty closed at 15,690. Behind the growth of the market was the effect of the declining transition rate in the country and the decision on interest rates by the RBI.

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