The Covid-19 pandemic caused a severe economic downturn worldwide in 2020. This article briefly presents the IMF’s first growth forecasts for 2021 and 2022, and highlights the necessity of continued economic and health policy supports for a rapid recovery from the pandemic recession.

Launched in 2014, the "Make in India" initiative aims to revitalize the manufacturing sector and includes heterogeneous measures that "simultaneously" support industries at different stages of development, from labor- and capital-intensive to high-tech industries and advanced services. Among...