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Worst seems to be over but rising Covid-19 cases make recovery prospects fragile: FinMin

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New Delhi: The worst seems to be over and the agriculture sector will provide a cushion for the coronavirus-hit economy this fiscal as there are prospects of good monsoon, finance ministry said in a report on Tuesday.India is well on the path of recovery from a trough in April, ably supported by proactive Government and Central Bank policies, the Macroeconomic Report for July, released by the Department of Economic Affairs said."With India unlocking, the worst seems to be over for the economy as high-frequency indicators recovered in June 2020 from unprecedented troughs in April; however, risks on account of rising COVID-19 cases and intermittent State lockdowns remain," it said.It further noted that the rise in COVID-19 cases and.

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