‘Covid 3rd wave may pull GDP growth down to 7%’

Nobel laureate economist Abhijit Vinayak Banerjee on Thursday apprehended that the impending third wave of the COVID-19 pandemic might adversely impact the GDP, and its growth rate might go down to 7 per cent, even below the IMF’s recent projection of 9.5 per cent.

Banerjee, who heads West Bengal’s Global Advisory Board (GAB) and advises the state government on issues related to the pandemic, said that boosting the state’s economy is directly related to the revival of the country’s economy as it is under stress due to the ongoing pandemic situation.

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