The COVID-19 pandemic posed the challenge of balancing livelihoods while saving lives, the Economic Survey, tabled in the Parliament on Monday, said. It highlighted that vaccination played a critical role in minimising loss of lives, boosted confidence in the economy towards resumption of activity and contained the sequential decline in output due to the second wave.
The Survey stated that two years into the pandemic, the global economy continued to be plagued by uncertainty, with resurgent waves of mutant variants, supply-chain disruptions, and a return of inflation in both advanced and emerging economies.
