New Delhi: NITI Aayog vice-chairman Rajiv Kumar has said that amid the second wave of Covid, the country should be prepared for more uncertainty about consumer and investor sentiments. Kumar said on Sunday that the government will take fiscal measures if needed to deal with this situation. Kumar admitted that the current situation has become more difficult than before due to increasing cases of infection. However, despite this, he hoped that the country’s economy will grow at 11 per cent in the financial year ending 31 March 2022.
Covid-19 cases are increasing rapidly in the country. Also, the number of deaths from infection is also going up. Because of this, many state governments have curbed the movement of people. Kumar said that India was close to defeating this epidemic, but due to the new type of virus from Britain and other countries, the situation has now become very difficult.
NITI Aayog vice chairman said that this will have a direct impact on some areas like service. The second wave will also create uncertainty about the economic atmosphere, which will have an indirect effect on economic activity. In such a situation, we should be prepared for more uncertainty on both the consumer and investor perception fronts. Asked whether the government is considering a new stimulus package, Kumar said that this question can be answered only if the finance ministry assesses the direct and indirect impact of the second wave of Covid.