India pandemic economy Government India

‘Govt’s response to pandemic triggered V-shaped recovery’

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K.V. Subramanian said on Friday.India’s approach to the pandemic, as well as the nationwide lockdown was calibrated, Subramanian said.

In the first phase or during the lockdown, when uncertainty was very high, the government imposed policy measures that focused on offering basic necessities.

It announced bigger relief measures during the unlock phase, he said.“As part of a calibrated response, in the unlock phase, India has gone ahead and announced demand-side measures to enable discretionary consumption to come in, Aatmanirbhar 2.0 and 3.0, government measures focused on capital expenditure and wage subsidy programme and focus on NIP (National Infrastructure Pipeline) have been enhanced," Subramanian said at a press conference.“All this.

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