Some silver lining amidst dark clouds – India’s economy is expected to bounce back with a sharp growth rate of 9.5 percent next year provided it avoids further deterioration in the financial sector health, as per a report by Fitch Ratings. After the current pandemic crisis ends, the Indian GDP is likely to give higher growth than its peers in the next year.
India is continuously taking concrete steps to preserve the economic condition of the country during the ongoing crisis. Particular attention is being paid to the financial position of banks so that liquidity in the economy is maintained and businesses get continuous support. If India is able to save the health of financial sectors in this current crisis, then it can achieve the given growth rate.