Indian economy better placed to meet second Covid wave with vaccination drive: CEA
Chief Economic Adviser K V Subramanian on Friday said that the Indian economy is in better shape to address the challenge of the second wave of Covid-19 pandemic compared to last year as vaccines have been developed and vaccination drives are taking place.
“The uncertainty is much lower,” said Subramanian. He was responding to a question by Raghava Rao, vice president finance and India CFO at Amazon India, about how he sees the economy recovering in the country, during the e-commerce firm’s flagship Smbhav event.
On saving lives and livelihoods, Subramanian said the government was driven by the simple goal of saving lives throughout the pandemic. “If you read the Mahabharata, there is this objective very clearly mentioned, ‘Saving a life that is in jeopardy is the origin of dharma’,” said Subramanian. “The essence of that was to actually save lives, which is what the government focused on at the start of the pandemic. We have sort of emerged from there.”
Now there is a second covid wave, according to Subramanian, and people need to be careful about it and follow all the regulations. “Overall, compared to the previous episode, we are in a better shape because the vaccine is already out there and vaccination drives are proceeding.”