India at cusp of turnaround in fortunes, says RBI governor: Key points
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India at cusp of turnaround in fortunes, says RBI governor: Key points
TIMESOFINDIA.COM / Updated: Feb 25, 2021, 13:11 IST
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NEW DELHI: Reserve Bank of India governor Shaktikanta Das on Thursday said that India is at the cusp of turnaround in fortunes with sectors recovering from Covid-induced slowdowns.
Addressing the 185th foundation day of Bombay Chamber of Commerce, Das noted that manufacturing sector has shown good recovery and is spearheading growth.
Highlighting that India now supplies more than half of the global demand for vaccines, the RBI governor emphasised that corporate sector needs to invest more in healthcare to create skill and scale.
India Business News: Finance minister Nirmala Sitharaman on Saturday exhorted India Inc to unleash animal spirits and bring in fresh investment to make India one of the fa
New Delhi | Updated: January 1, 2021 12:44:44 pm
Labourers return to their home states during the lockdown imposed due to Covid-19, in New Delhi. (Express Photo: Praveen Khanna)
In a little over a month, Finance Minister Nirmala Sitharaman will present what she has heralded as “a Budget like never before”. As a year like never before ends, there are questions on the way forward including whether the Budget, or any policy intervention by the government in the coming months, can make up for the underwhelming fiscal stimulus response to the situation brought about by the pandemic. And whether other headwinds might potentially circumscribe the rebound in economic growth.