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CEA: Early intense lockdown saved lives, aided faster recovery

Jan 29, 2021 23:15 IST

Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2020-21 in Parliament on Friday. The survey, authored by a team led by Chief Economic Adviser (CEA) KV Subramanian, detailed the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth. Subramanian said that the lockdown imposed to curb the Covid-19 pandemic helped to provide a coordinated response, enabling 'saving lives and livelihoods'. ‘Early intense lockdown saved lives, helped faster recovery’, the Chief Economic Advisor said. He noted that India's policy response to pandemic was guided by the realization that GDP growth will come back, but not lost human lives.

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