26-April-2024
Economy News
 
Sharpening income inequalities telling story of ‘uneven’ economic recovery amid pandemic: Ex-RBI Governor Subbarao
14-Jun-2021

Former RBI Governor D Subbarao has expressed concerns over “extreme unevenness” in economic recovery and “sharpening inequalities” between upper income segments and lower income households in the country, cautioning that the trend will hit growth prospects going forward. Terming the uneven recovery “morally wrong and politically corrosive”, he said liquidity in the domestic market and foreign fund inflows are leading to soaring of prices of stocks and other assets despite disruptions due to Covid pandemic.

News Source:- https://www.financialexpress.com/economy/sharpening-income-inequalities-telling-story-of-uneven-economic-recovery-amid-pandemic-ex-rbi-governor-subbarao/2270476/