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Impact of Covid-19 second wave on economy to remain muted: FinMin report

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₹1 lakh crore in each of the last six months owing to economic recovery, it said, adding, GST revenue registered another record high of ₹1.41 lakh crore in April, indicative of continual economic recovery.However, the report noted that the second wave of the pandemic hit the market sentiment as Nifty 50 and the S&P BSE Sensex recorded losses of 0.4 per cent and 1.5 per cent, respectively in April, and the rupee depreciated by 2.3 per cent to reach 74.51 INR/USD in April.

This was mirrored by net FPI outflows of USD 1.18 billion in April.Domestic financial conditions, nevertheless, continue to remain comfortable with RBI's support to liquidity, with open market operations worth ₹3.17 lakh crore carried out in 2020-21, it said.Launch of G-SAP.

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