Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report    </title>
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&ldquo;India&rsquo;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery&rdquo;

The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress.

India&#39;s acute..."/>
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&ldquo;India&rsquo;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery&rdquo;

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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>&ldquo;India&rsquo;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery&rdquo;</em></p><p style="text-align:justify">The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress.</p><p style="text-align:justify">India&#39;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report.</p><p style="text-align:justify">&quot;However, economic activity rebounded strongly in the second half of the year as India&#39;s vaccination rollout accelerated,&quot; the Treasury said on Friday, as it praised India&#39;s vaccination efforts.</p><p style="text-align:justify">As of the end of 2021, about 44% of India&#39;s population was fully vaccinated, it said.</p><p style="text-align:justify">After contracting seven per cent in 2020, the output returned to pre-pandemic levels by the second quarter of 2021, with full-year 2021 growth of 8%, it added.</p><p style="text-align:justify">Since the beginning of 2022, India faced a third major outbreak driven by the Omicron variant, but the number of deaths and broader economic fallout has been limited, it said.</p><p style="text-align:justify">The Indian government continued to provide fiscal support to the economy against the backdrop of the pandemic in 2021, it said. The authorities estimate that the overall fiscal deficit will reach 6.9% of GDP for the 2022 fiscal year, which is higher than deficits prior to the pandemic, it said.</p><p style="text-align:justify">According to the Treasury, the Reserve Bank of India kept its key policy rates unchanged at 4% since May 2020, but in January 2021 it began to gradually unwind the extraordinary liquidity measures designed to support growth during the early part of the coronavirus pandemic.</p><p style="text-align:justify">After recording a current account surplus of 1.3% of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1% of GDP in 2021.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true" title="https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true">click here</a> to read more.&nbsp;<br />&nbsp;</p>                                                           
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>&ldquo;India&rsquo;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery&rdquo;</em></p><p style="text-align:justify">The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress.</p><p style="text-align:justify">India&#39;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report.</p><p style="text-align:justify">&quot;However, economic activity rebounded strongly in the second half of the year as India&#39;s vaccination rollout accelerated,&quot; the Treasury said on Friday, as it praised India&#39;s vaccination efforts.</p><p style="text-align:justify">As of the end of 2021, about 44% of India&#39;s population was fully vaccinated, it said.</p><p style="text-align:justify">After contracting seven per cent in 2020, the output returned to pre-pandemic levels by the second quarter of 2021, with full-year 2021 growth of 8%, it added.</p><p style="text-align:justify">Since the beginning of 2022, India faced a third major outbreak driven by the Omicron variant, but the number of deaths and broader economic fallout has been limited, it said.</p><p style="text-align:justify">The Indian government continued to provide fiscal support to the economy against the backdrop of the pandemic in 2021, it said. The authorities estimate that the overall fiscal deficit will reach 6.9% of GDP for the 2022 fiscal year, which is higher than deficits prior to the pandemic, it said.</p><p style="text-align:justify">According to the Treasury, the Reserve Bank of India kept its key policy rates unchanged at 4% since May 2020, but in January 2021 it began to gradually unwind the extraordinary liquidity measures designed to support growth during the early part of the coronavirus pandemic.</p><p style="text-align:justify">After recording a current account surplus of 1.3% of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1% of GDP in 2021.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true" title="https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true">click here</a> to read more.&nbsp;<br />&nbsp;</p>                                                           
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&ldquo;India&rsquo;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery&rdquo;

The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress.

India&#39;s acute..." />
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    <h1 class="cat-box-title">India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report</h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>&ldquo;India&rsquo;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery&rdquo;</em></p><p style="text-align:justify">The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress.</p><p style="text-align:justify">India&#39;s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report.</p><p style="text-align:justify">&quot;However, economic activity rebounded strongly in the second half of the year as India&#39;s vaccination rollout accelerated,&quot; the Treasury said on Friday, as it praised India&#39;s vaccination efforts.</p><p style="text-align:justify">As of the end of 2021, about 44% of India&#39;s population was fully vaccinated, it said.</p><p style="text-align:justify">After contracting seven per cent in 2020, the output returned to pre-pandemic levels by the second quarter of 2021, with full-year 2021 growth of 8%, it added.</p><p style="text-align:justify">Since the beginning of 2022, India faced a third major outbreak driven by the Omicron variant, but the number of deaths and broader economic fallout has been limited, it said.</p><p style="text-align:justify">The Indian government continued to provide fiscal support to the economy against the backdrop of the pandemic in 2021, it said. The authorities estimate that the overall fiscal deficit will reach 6.9% of GDP for the 2022 fiscal year, which is higher than deficits prior to the pandemic, it said.</p><p style="text-align:justify">According to the Treasury, the Reserve Bank of India kept its key policy rates unchanged at 4% since May 2020, but in January 2021 it began to gradually unwind the extraordinary liquidity measures designed to support growth during the early part of the coronavirus pandemic.</p><p style="text-align:justify">After recording a current account surplus of 1.3% of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1% of GDP in 2021.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true" title="https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true">click here</a> to read more.&nbsp;<br />&nbsp;</p>                                                           
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India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report

Published on Jun 11, 2022   Modified on Jun 12, 2022

-PTI/ The Hindu “India’s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery” The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report. "However, economic activity rebounded strongly in the second half of the year as India's vaccination rollout accelerated," the Treasury said on Friday, as it praised India's vaccination efforts. As of the end of 2021, about 44% of India's population was fully vaccinated, it said. After contracting seven per cent in 2020, the output returned to pre-pandemic levels by the second quarter of 2021, with full-year 2021 growth of 8%, it added. Since the beginning of 2022, India faced a third major outbreak driven by the Omicron variant, but the number of deaths and broader economic fallout has been limited, it said. The Indian government continued to provide fiscal support to the economy against the backdrop of the pandemic in 2021, it said. The authorities estimate that the overall fiscal deficit will reach 6.9% of GDP for the 2022 fiscal year, which is higher than deficits prior to the pandemic, it said. According to the Treasury, the Reserve Bank of India kept its key policy rates unchanged at 4% since May 2020, but in January 2021 it began to gradually unwind the extraordinary liquidity measures designed to support growth during the early part of the coronavirus pandemic. After recording a current account surplus of 1.3% of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1% of GDP in 2021. Please click here to read more.

PTI/ The Hindu, 11 June, 2022, https://www.thehindu.com/business/indias-economy-recovered-strongly-despite-3-covid-19-waves-says-us-treasury-report/article65516750.ece?homepage=true

Tagged with: US Treasury Economic Recovery Economic Growth COVID-19

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