New Delhi: Even after facing three waves of Corona epidemic, the Indian economy has made a strong comeback. The US Finance Ministry has said this in a report submitted to Parliament. The Finance Ministry, in its half-yearly report released on Friday, said that the second wave of the pandemic in India had a significant impact on economic growth till mid-2021, delaying the recovery of the economy.
Complimenting India's anti-Covid vaccination efforts, the Ministry said that economic activity made a tremendous comeback in the second half of the year and India's immunization program picked up pace. The US Treasury Ministry said that by the end of 2021, about 44 percent of India's population had been vaccinated. The ministry said that India's growth rate in 2020 was seven percent. In the second quarter of 2021, the growth rate reached pre-pandemic levels and in 2021 the full year growth rate was 8 percent.
India also faced the third wave of corona virus in early 2022 due to the Omicron variant of the corona virus, but during this time the number of dead and the economic fall was limited. The Ministry said that the Government of India will continue to provide financial assistance to the economy in 2021 to protect it from its ill effects in view of the pandemic.
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