Post-pandemic, climate change will drive investments

News Snapshot:

Three years after the pandemic and despite 8 per cent average growth over the last two years, the level of India’s GDP is still running 5 per cent below that implied by its pre-pandemic trajectory. This is a measure of the permanent scarring from the pandemic and unless India grows over 7-8 per cent in the coming years, the potential loss of GDP will only widen. Many would argue that, as in the aftermath of the 2008 global financial crisis (GFC), the post-pandemic trend growth is likely to be lower, and thus, this is an artificially high benchmark. In the...