In an earlier paper (Dev and Sengupta, 2020) we had discussed the potential and immediate impact of the shock of the Covid-19 pandemic on various segments of the Indian economy. In this paper, which is a sequel to our previous study, we dig deeper into how the Indian economy fared during the period of the pandemic including the two waves of 2020 and 2021, analyse the manner in which various segments of the economy have recovered from this unprecedented shock, and also reflect on what the post-pandemic economic landscape might look like for India, especially in the context of a highly volatile global economic environment.