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  • News From Press Indian economy will be back to pre-COVID levels by March 2022: Uday Kotak

    Indian economy will be back to pre-COVID levels by March 2022: Uday Kotak

    "If we are seeing some sort of a normalisation on vaccination and calibrated opening between now and September, then by September we should see economic activity normalise significantly."
    Source: ET May 28, 2021

    By end of March 2022, the size of the Indian economy will be the same in real terms as it was in March 2020. We saw the first year at around minus 8% GDP and the second year because of COVID 2.0 and its impact, the growth rate should be currently around 8% to 9% for this year, said Uday Kotak, MD, Kotak Mahindra Bank to ET Now.

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