Think tank NCAER paints rosy picture

New Delhi, October 28

Painting a rosy picture of the economy, think tank NCAER on Thursday said most of the sectors are on their way to reach pre-pandemic levels and surpass them.

Better than forecast

With the economy expected to grow at 9.5% this year, most sectors seem to be on their way to reach the pre-pandemic levels and then grow beyond those levels – NCAER report

“The economic news has been favourable on balance, on account of better than projected fiscal outcomes, a rebound in most high-frequency indicators, and another impetus to policy reform, including a hitherto inconceivable privatisation of Air India,” the National Council for Applied Economic Research (NCAER) said in its monthly review of the economy.

The economic activity, it added, has continued to normalise with increase in vaccinations and decline in Covid infections. While the farm sector has continued to grow at its long-term average, the manufacturing seemed to be on target to recoup most of the loss it had suffered during the pandemic, it said. — PTI