<p>After propagating a V-shaped economic recovery in the next two to three quarters, the government Tuesday admitted the economy’s return to health will be critically linked to how <a href="https://www.deccanherald.com/tag/coronavirus" target="_blank">Covid-19</a> infection curve evolves across the states.</p>.<p>India’s top 12 growth-driving states account for 85% of the Covid-19 caseload, with 40% of confirmed cases concentrated in the top two growth-drivers -- Maharashtra and Tamil Nadu.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-news-live-updates-andhra-pradesh-reports-record-8147-cases-karnataka-government-changes-rates-for-rt-pcr-antigen-testing-864013.html" target="_blank"><strong>For latest updates and live news on coronavirus, click here</strong></a></p>.<p>“The increase in the Covid-19 cases and subsequent intermittent lockdowns make the recovery prospects fragile and call for constant and dynamic monitoring. The future economic recovery of India is crucially linked to how the Covid-19 infection curve evolves across states of India,” the finance ministry said in a report.</p>.<p>The highest growth in active Covid-19 cases in July was seen in Karnataka, Andhra Pradesh and Jharkhand.</p>.<p>Though signs of recovery were witnessed in manufacturing, industrial production, fertilizer sales and diesel consumption in the months of May and June, they have started moderating in July.</p>.<p>With India unlocking, the worst seems to be over for the economy as high-frequency indicators recovered in June 2020 from an unprecedented trough in April. However, risks on account of rising Covid-19 cases and intermittent state lockdowns remain, the ministry said.</p>.<p>Both the ministry officials and Finance Commission Chairman N K Singh had last week said India would see a sharp V-shaped recovery after October till March 31, 2021.</p>
<p>After propagating a V-shaped economic recovery in the next two to three quarters, the government Tuesday admitted the economy’s return to health will be critically linked to how <a href="https://www.deccanherald.com/tag/coronavirus" target="_blank">Covid-19</a> infection curve evolves across the states.</p>.<p>India’s top 12 growth-driving states account for 85% of the Covid-19 caseload, with 40% of confirmed cases concentrated in the top two growth-drivers -- Maharashtra and Tamil Nadu.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-news-live-updates-andhra-pradesh-reports-record-8147-cases-karnataka-government-changes-rates-for-rt-pcr-antigen-testing-864013.html" target="_blank"><strong>For latest updates and live news on coronavirus, click here</strong></a></p>.<p>“The increase in the Covid-19 cases and subsequent intermittent lockdowns make the recovery prospects fragile and call for constant and dynamic monitoring. The future economic recovery of India is crucially linked to how the Covid-19 infection curve evolves across states of India,” the finance ministry said in a report.</p>.<p>The highest growth in active Covid-19 cases in July was seen in Karnataka, Andhra Pradesh and Jharkhand.</p>.<p>Though signs of recovery were witnessed in manufacturing, industrial production, fertilizer sales and diesel consumption in the months of May and June, they have started moderating in July.</p>.<p>With India unlocking, the worst seems to be over for the economy as high-frequency indicators recovered in June 2020 from an unprecedented trough in April. However, risks on account of rising Covid-19 cases and intermittent state lockdowns remain, the ministry said.</p>.<p>Both the ministry officials and Finance Commission Chairman N K Singh had last week said India would see a sharp V-shaped recovery after October till March 31, 2021.</p>
