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CEA K Subramanian sees V-shaped recovery if coronavirus is contained

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NEW DELHI : India’s top economic adviser said a V-shaped recovery for the economy is possible this year, provided a vaccine is found to contain the Covid-19 pandemic.“The recovery will happen after that uncertainty from the health side is taken care of," Krishnamurthy Subramanian, the chief economic adviser to the finance minister, said in an interview at the Bloomberg Invest Global virtual conference. “If it so happens that in the latter half of the year we have the vaccine, then one can anticipate V-shape recovery starting in the second half."In the absence of a vaccine, the economic recovery will have to wait until next year, although that too is likely to be V-shaped given the experience after the Spanish flu of 1918, he said.India’s.

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