The end of the year saw the arrival of the much-awaited COVID-19 vaccine, which may further help in curbing the pandemic. India has been successful in bending the COVID-curve till date, with reducing weekly/daily infections, rising recovery rate (now at around 95 per cent) and one of world’s lowest case fatality rates. The effective management of Covid-19 spread despite the festive season and onset of winter season, combined with sustained improvement in high frequency indicators and V-shaped recovery along with easing of lockdown restrictions distinguish Indian economy as one riding against the COVID-wave.