Perspective: Towards Sustained Economic Recovery

In this episode of the Perspective Prog. based on Towards Sustained Economic Recovery. Finance Minister Nirmala Sitharaman has said that government is not planning to withdraw the pandemic stimulus package any time soon. In an interview to a news wire service during her recent visit to USA she said that the government has already committed a certain amount of public spending to build infrastructure to provide support to the economy. She also termed rising crude oil prices as a challenge. There are several positive signals on the economic front in the post pandemic period. According to the NSO data the real GDP growth for Q1:2021-22 stood at 20.1 per cent. RBI has also projected the real GDP growth at 9.5 per cent for 2021- 22. While PMI Manufacturing accelerated to 53.7 in September 2021 , FPI flows into the country also remain robust with India reporting highest inflow of $3 billion in September. On the employment front , monthly analysis by Specialist staffing firm Xpheno showed that September closed at 285,000 active white-collar jobs with a marginal 3% growth over August and growing 60% from the 176,000 jobs in September 2020. In this episode we will discuss and analyse all this data to understand how India is marching towards sustained economic recovery in the post pandemic period and what more needs to be done on this front.

1- Prof. Aman Agarwal, Director, Indian Institute of Finance
2- Dilip Chenoy, Secretary General, FICCI
3- Monika Halan, Author and Senior Journalist

Anchor: Vishal Dahiya

Producer: Amit Srivastav, Sagheer Ahmad

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