Live Breaking News & Updates on Monetary Policy Statement Of The Reserve Bank

Keep the wheels of economic recovery turning
Updated:
Updated:
January 28, 2021 10:51 IST
The fiscal stimulus needs to continue in FY 2021-22 to speed up India’s economic healing
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The fiscal stimulus needs to continue in FY 2021-22 to speed up India’s economic healing
The forthcoming Economic Survey will tell us about the state of the economy based on available empirical evidence. The first advance estimates of national income published on January 7 project a contraction of 7.7% for real GDP. The Q2 GDP estimates published by the National Statistical Office, Ministry of Statistics and Programme Implementation (MOSPI) on November 27 had suggested an economic recovery in India. An improvement in the rate of contraction from 23.9% in Q1 to 7.5% in Q2 was seen as the beginning of a sustained recovery. The Ministry of Finance, in its Monthly Economic Review highlighted it as signifying a ‘V’ shaped recovery and as a reflection ....

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