‘India’s economy will reach pre-Covid level in 2021’: NITI Aayog Vice Chairman

Niti Aayog Vice-chairman Rajiv Kumar said India’s economy will reach the pre-Covid-19 level in 2021.

Kumar said the recovery of India’s economy in 3rd and 2nd quarters were beyond expectations.

“In 2021-22, out rate of the economy should be around 10% in real terms,” Kumar said.

RBI has also revised its forecast of economic growth for the current fiscal 2020-21.

RBI had earlier predicted economic growth for 2020-21 to -9.5 percent.

The prediction was later revised to -7.5 percent for the current fiscal.

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