The second wave dented the recovery in the first quarter of 202122, but its impact turned out to be relatively less severe. The Indian economy renewed its tryst with the interrupted recovery, which gained strength and pace through the rest of the year.
It is estimated that real GDP will rise by 9.2 per cent during the current financial year, cresting pre-pandemic levels, and marking a turnaround from the decline of 7.3 per cent the year before.