<p>The Indian economy is in a better shape as compared to the previous Covid-19 wave witnessed last year because of vaccines, Chief Economic Adviser K V Subramanian said on Friday.</p>.<p>Speaking at an event organised by e-commerce major Amazon, he said uncertainty is much lower this time but people should be cautious.</p>.<p>"There is a second wave therefore people should be careful about it and follow all regulations. But overall compared to previous episode, we are in a better shape because vaccine is out and vaccination drive is proceeding. So uncertainty is much lower," he said.</p>.<p>Following the outbreak of Covid-19 pandemic in March 2020, India went in for one of the strictest lockdowns in the world, leading to a massive contraction of about 24 per cent in GDP. </p>.<p>Beginning March this year, the second wave started rearing its head with a sudden jump in cases, forcing many states to go for localised restrictions to break the Covid-19 chain. </p>.<p>India added a record 2,17,353 new coronavirus infections in a day, taking the total tally of Covid-19 cases to 1,42,91,917, while active cases surpassed the 15-lakh mark, according to the Union Health Ministry data updated on Friday.</p>.<p><strong><a href="https://www.deccanherald.com/business/second-wave-of-covid-19-poses-risk-to-economic-recovery-q4-gdp-to-be-hit-report-974954.html" target="_blank">Read | Second wave of Covid-19 poses risk to economic recovery; Q4 GDP to be hit: Report</a></strong></p>.<p>This is the second consecutive day that the country has reported over two lakh cases. </p>.<p>Subramanian further said "one key thing that stood out during this pandemic is the rollout of e-commerce and digitisation, something that India has embraced."</p>.<p>As many as 800 million people were provided essential supplies through the public distribution system and cash transfer through the Jan Dhan, Aadhaar, Mobile (JAM) in a seamless manner with a click of button, while most advanced countries like the US provided financial support to its citizens by issue of cheques implemented over 2 months, he added.</p>.<p>"I think Indian economy is really equipped very well to usher in the significant growth that is happening in e-commerce," he said.</p>.<p>He also suggested that MSMEs should embrace technology and invest in innovation for growth of their businesses.</p>
<p>The Indian economy is in a better shape as compared to the previous Covid-19 wave witnessed last year because of vaccines, Chief Economic Adviser K V Subramanian said on Friday.</p>.<p>Speaking at an event organised by e-commerce major Amazon, he said uncertainty is much lower this time but people should be cautious.</p>.<p>"There is a second wave therefore people should be careful about it and follow all regulations. But overall compared to previous episode, we are in a better shape because vaccine is out and vaccination drive is proceeding. So uncertainty is much lower," he said.</p>.<p>Following the outbreak of Covid-19 pandemic in March 2020, India went in for one of the strictest lockdowns in the world, leading to a massive contraction of about 24 per cent in GDP. </p>.<p>Beginning March this year, the second wave started rearing its head with a sudden jump in cases, forcing many states to go for localised restrictions to break the Covid-19 chain. </p>.<p>India added a record 2,17,353 new coronavirus infections in a day, taking the total tally of Covid-19 cases to 1,42,91,917, while active cases surpassed the 15-lakh mark, according to the Union Health Ministry data updated on Friday.</p>.<p><strong><a href="https://www.deccanherald.com/business/second-wave-of-covid-19-poses-risk-to-economic-recovery-q4-gdp-to-be-hit-report-974954.html" target="_blank">Read | Second wave of Covid-19 poses risk to economic recovery; Q4 GDP to be hit: Report</a></strong></p>.<p>This is the second consecutive day that the country has reported over two lakh cases. </p>.<p>Subramanian further said "one key thing that stood out during this pandemic is the rollout of e-commerce and digitisation, something that India has embraced."</p>.<p>As many as 800 million people were provided essential supplies through the public distribution system and cash transfer through the Jan Dhan, Aadhaar, Mobile (JAM) in a seamless manner with a click of button, while most advanced countries like the US provided financial support to its citizens by issue of cheques implemented over 2 months, he added.</p>.<p>"I think Indian economy is really equipped very well to usher in the significant growth that is happening in e-commerce," he said.</p>.<p>He also suggested that MSMEs should embrace technology and invest in innovation for growth of their businesses.</p>