Also Read | The limits to India’s privatization pushA resurgent virus outbreak is “a final hurdle in the race to normal", said Sonal Varma, chief economist for India and Asia, ex-Japan, at Nomura Holding Inc.
in Singapore. It could “disrupt the economic normalization process in the near term."New curbs on the movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in the October-December quarter probably came from the reopening of the economy, which is primarily driven by domestic consumption.
The government also boosted spending in the final months of last year to spur growth.As a result, economists expect the Statistics Ministry to revise its estimate for the fiscal year through March to a.