The Reserve Bank of India expects the Indian economy to overcome losses arising out of the coronavirus pandemic only by 2034-35. The output losses on account of the pandemic are estimated to be over Rs 52 lakh crore over the last three years. The RBI published a report 'Scars of the pandemic' in its annual publication on currency and finance. The report cites WHO data to show that India, with 8.5% of the total cumulative Covid cases, ranked second after the US with 15.8% of cases. The RBI report takes the actual growth rate of -6.6% for FY21, 8.9% for FY22 and assumes a growth rate of 7.2% for FY23 and 7.5% beyond that to cite overcoming of Covid losses by 2035.