Nation

Economic recovery in country is stronger than expected: RBI Governor

Reserve Bank Governor Shaktikanta Das has said that the Indian economy exhibited a stronger than expected pickup in recovery after the first quarter of the current fiscal. Mr Das, however, warned that downside risks to growth continue due to a surge in Covid-19 infections. He was speaking at the annual day event of Foreign Exchange Dealers’ Association of India yesterday.

RBI Governor said, even as the growth outlook has improved, we need to be watchful about the sustainability of demand after festivals and a possible reassessment of market expectations surrounding the Covid-19 vaccine.

The sharp rise in Covid cases in eight states, which include key economic and business hubs, has prompted the Ministry of Home Affairs to issue fresh guidelines for states to contain the spread of Coronavirus.

Over the last two months, the government announced two stimulus packages to boost demand in the economy through a slew of incentive schemes

Click to comment

Leave a Reply

Your email address will not be published.

seventeen − 5 =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us