Surge in Covid cases biggest recovery hurdle, says RBI governor
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Surge in Covid cases biggest recovery hurdle, says RBI governor
TNN / Updated: Apr 23, 2021, 08:23 IST
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MUMBAI: Rapid rise in Covid cases is the single biggest challenge to the ongoing recovery in the Indian economy, RBI governor Shaktikanta Das has said, asserting that previous year’s learnings should, however, help in managing the crisis as it unfolds.
“The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable. The renewed jump in Covid infections in several parts of the country and the associated localised and regional lockdowns add uncertainty to the growth outlook,” the governor said in the minutes of the MPC (monetary policy committee) meeting, which was released by the RBI on Thursday.