RBI governor said economic recovery in country is stronger than expected

Speaking at the annual day event of Foreign Exchange Dealers’ Association of India Reserve Bank Governor Shaktikanta Das has said that the Indian economy exhibited a stronger than expected pickup in recovery after the first quarter of the current fiscal. Mr Das, however, warned that downside risks to growth continue due to a surge in Covid-19 infections. He said, even as the growth outlook has improved, we need to be watchful about the sustainability of demand after festivals and a possible reassessment of market expectations surrounding the Covid-19 vaccine.

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