India needs to grow at 10.5-11 percent in real terms in the next fiscal and sustain that to overcome massive ill-effects of the COVID-19 pandemic, Niti Aayog Vice Chairman Rajiv Kumar said. He further said India needs to be prepared for the next pandemic as the country was caught unprepared during the pandemic. "We need to grow at 10.5 to 11 percent in real terms 2021-22 and then sustain that to overcome massive ill-effects of the COVID-19 pandemic," he said while addressing a virtual event organised by National CSR Network. India's economy is estimated to contract 8 percent in fiscal 2020-21. The RBI has projected India's economic growth in 2021-22 at 10.5 percent, while Chief Economic Adviser K V Subramanian has projected an 11 percent growth for the same period. The Niti Aayog Vice-Chairman also noted that the Indian economy is now surging towards a recovery
We have to make sure that we take everybody along," he said. The last time India suffered due to a pandemic was during the Spanish Flu in 1918 and the country lost 5-7 per cent population, Kumar added. "We better prepare for the next pandemic. We were caught unprepared (during the COVID-19 crisis). "...We did not know the extent to which our people will be affected. Migrants took us by surprise," he said.
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