Context: While the second wave of the pandemic now seems to be receding, and the economic costs are estimated to remain lower than the last wave, there still remains related to low demand in the Indian economy.
Factors behind impressive economic recovery after the first wave: In September 2020
Reasons for economic costs of Covid 2.0 likely to be lower than the first wave:
Issues faced by the Indian economy: Following poses a hurdle on economic recovery -
Way Forward: