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Admin Reporter- POOJA1

Sep 16 2020


Economic Recovery Likely To Be Gradual: RBI Governor Shaktikanta Das

Wednesday, 16 September 2020

The economic recovery in India is likely to be gradual, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday, while reiterating that the central bank stands battle ready to take the necessary measures to ensure liquidity in the system and promote economic growth. The RBI Governor was addressing a virtual conference organised by the industry body, Federation of Indian Chambers of Commerce and Industry (FICCI).

 

 

 


"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," Mr Das said.Mr Das' remarks come days after official data showed consumer inflation in the country eased marginally in August, but remained above the central bank's target range of 4-6 per cent for the fifth month in a row. That supported views of many economists that the RBI will avoid easing monetary policy further in its scheduled, bi-monthly review, due in October. 

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