Although 2020-21 is being deemed as a “catch-up” year for global economies, the RBI has projected a 9.5% GDP growth for FY 2021-22, implying a full economic recovery, which can be attributed to India’s nuanced structural reforms. Leveraging on necessary macro and micro growth drivers, India is on course to be one of the few global economies to rebound strongly from pandemic-induced economic contraction.
