54% Indians feel economy will completely recover from Covid pandemic by 2022, survey finds

A vendor hands Indian rupee notes to a customer at a stall in Chauta Bazaar in Surat, Gujarat (representational image) | Photo: Karen Dias | Bloomberg

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New Delhi: More than half of Indians are optimistic that India will have complete economic recovery from the impact of the Covid-19 pandemic by 2022, a survey has found. 

The survey conducted by community platform LocalCircles found that about 54 per cent Indians felt that India would undergo complete economic recovery by the time it completes 75 years of Independence in 2022.

The survey received over 62,000 responses from across 280 districts, of which 67 per cent respondents were men and 33 per cent were women. 

The survey found that while 37 per cent felt that the economy will recover completely and cross the pre-Covid GDP level, 17 per cent said even though the economy will completely recover, it will not surpass the pre-Covid GDP. 

Twenty seven per cent people said the Indian economy will recover significantly, but will not have a complete recovery, while 16 per cent said the recovery will be limited. Once 2 per cent said the economy will not undergo any recovery at all, according to the survey.

Also read: Covid shows India needs economic model focused on people at bottom of pyramid, report says

Growth and prosperity 

Prime Minister Narendra Modi in his inaugural address at the India Global Week 2020 in July said the world’s economic revival will be linked to the “growth of India” and that India is “ready to do whatever it can to further global good and prosperity”.

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