28-September-2020
Economy News
 
Economic recovery likely to be gradual: RBI Guv Shaktikanta Das
16-Sep-2020

The country’s economic recovery is likely to be gradual as the rising infections continue to pose a risk, RBI Governor Shaktikanta Das said on Wednesday. Addressing the FICCI National Executive Committee Meeting, the central bank chief said that the economic recovery is not fully entrenched. He added that the GDP data for the first quarter (Q1) was a telling reflection of how COVID-19 affected the economy. “The recovery is, however, not yet fully entrenched and more over in some sectors the optics which was noticed in June and July, they appear to have levelled off… by all indications, the recovery is likely to be gradual as efforts towards reopening of the economy are confronted with increasing infections,” he said.

News Source:- https://indianexpress.com/article/business/economy/rbi-governor-shaktikanta-das-ficci-executive-committee-meeting-key-announcements-6597945/