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Niti Aayog Vice Chairman Rajiv Kumar has said that India needs to grow at 10.5-11 percent in real terms in FY22 and then sustain that to overcome massive ill-effects of the COVID-19 pandemic. He also said India needs to be prepared for the next pandemic as the country was caught unprepared during the COVID-19 pandemic.  He also said India's economy is estimated to contract 8 percent in fiscal 2020-21.

The Niti Aayog Vice-Chairman has stated that the Indian economy is now surging towards a recovery. Noting that the business as usual will not do, he said there is a need to reduce the size of India's informal economy. He pointed out that corporations and the government are fighting the pandemic together. Development agenda cannot be entirely advanced by the government alone. Political leaders and corporate leaders need to work together.

Observing that India's political leaders, including Mahatma Gandhi, had no qualms in working with corporate leaders, he said, ‘It is time again to rekindle that. Time therefore to get over this nonsense of calling names of corporate leaders or mistrusting the corporate leaders’. He noted that corporate social responsibility (CSR) is the bridge between corporate and society.