OMICRON JITTERS

Economists have pegged India’s full-year growth rate at 9-10 per cent, with the pace likely to weaken in the second half

- DILASHA SETH

India’s economy recovered to the pre-pandemic level in the second quarter of FY22 in absolute terms. However, the discovery of the Omicron variant of the coronavirus has got economists worried. They think the mutant variant of the virus poses a threat to the double-digit growth outlook for the fiscal year.