It is necessary to accelerate the pace of corona vaccination to bring economic growth back on track: Report – report necessary to accelerate the pace of corona vaccination to bring economic growth back on track

It is necessary to accelerate the pace of corona vaccination to bring economic growth back on track: Report – report necessary to accelerate the pace of corona vaccination to bring economic growth back on track

New Delhi, Jun 9 (PTI) In order to revive the pace of economic growth, it is very important to accelerate the pace of COVID-19 vaccination and run it on a large scale, the Finance Ministry said in its monthly economic report released on Wednesday.

The ministry said, “The pace of the second wave of Kovid-19 is slowing down, the vaccination campaign

The rapid reforms of the U.S. and the fiscal measures planned in the Union Budget will boost the investment process in the coming quarters.

Regarding the impact of the second wave of Kovid-19 in the report, it has been said that its impact on the manufacturing and construction sector in the current quarter may be mild.

The report stressed that accelerating the pace of vaccination and campaigns is critical to regaining the momentum of economic recovery.

In the report, the ministry said that in order to save lives and livelihoods, strengthen the health infrastructure, speed up vaccination, research on different forms of the virus, think and implement restrictions in advance and strictly follow the guidelines related to Kovid 19. It is very important to do

According to the report, real and financial sectors such as electricity consumption, e-way bills and foreign portfolio investment inflows saw marginal growth during the second fortnight of May.

The pace of the second wave of Kovid-19 in the country has slowed down in the last few days. There has also been a steady decrease in active cases for the last few days. According to the data, the second wave of Kovid was at its peak around May 8, after which it has decreased.

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The report also observed that during the second half of the financial year 2020-21 in the country, there was a ‘V shape’ i.e. rapid recovery in the economy.

The annual GDP growth improved to 7.3 per cent in the second advance estimates from the earlier eight per cent fall in the economy’s projected growth of 0.5 per cent in the third quarter of the last fiscal and 1.6 per cent in the fourth quarter, the report said.

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