RBI sees V-shaped recovery, likely room for policy easing
MUMBAI: Forecasting a V-shaped recovery, Reserve Bank of India has said that if growth momentum continues and inflation stays benign there would be room for policy action to support growth.
This observation comes in the central bank’s State of the Economy report released on Thursday. This comes at a time when the central bank has started 'normalising’ the liquidity in the money markets by draining out the surplus it had pumped in to stave off an economic crisis in the wake of the Covid-19 pandemic.
“Recent shifts in the macroeconomic landscape have bened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target. If these movements sustain, policy space could open up to further support the recovery,” RBI said in the report.
Stating that the worst of the Covid-19 crisis is now behind RBI quoting William Shakespeare wre: “Recent high-frequency indicators suggest that the recovery is getting stronger in its traction and soon the winter of our discontent will be made glorious summer,”.
The report states that consumer confidence is expected to improve from January 2021, peak in July 2021 and continue till September ahead of the next festival season
K Mohan Twincities
The confidence level of people is back to normal and no more fear of corona would further take country to bigger growth
K Mohan Twincities
The life support given by the govt during the pandemic is now paying back in good terms
K Mohan Twincities
This is very good news coming out of Vashita rishi that India economy poised for big growth
I am only afraid of Modi! When ever the economy is in the best of health, he has a habit of delivering blows and bring it down! Demonitization, GST and hafazard lockdown are glaring examples!!!
The harsh truth is that the economy is simply out of shape for the past four and half years.
After a 24 % fall in GDP what are the chances of a V shape recovery .
Haha, RBI is playing the Game of Bubbles. RBI blind to the big stock market and real estate bubbles it is creating. If RBI doesn't raise interest rates soon, this is not going to end well.
What RBI smoking? There is no V shaped recovery. There only is a rebound to pre pandemic levels with a minor bump up due to pent up demand. The long term out look is still negative.
Work so these market gimmicks, who will take care of ever increasing inflation??
Now the biggest question is when will the Sensex reach 100,000 ? The market cap $5 trillion and the GDP $5 trillion ?
Prasen Kumar Reddy Singi
Inflation is doubling, if not multiplying, price index shows downwards on manipulated data. Economic growth downward, stock markets bullish. By default growth may be there, V- shaped recovery is distant dream.
Economy is reviving but for sed sectors and there are many behind and many suffered lot and many are still suffering due to this pandemic. RBI should also focus on those sectors and MSMEs.
Overall bnced growth is important not skewed one.
Indeed, the recovery is around the corner. Let us continue our focus on putting in our best so that the recovery is faster.
The go nment should put in its best to control inflation.
RBI never cared for common man's problems who is sufferings from financial due to covid lockdown .
This is because people are no longer afraid of corona and economy is bouncing back to normal; vaccination will further boost this confidence level
RBI is speaking same language of MODI & BJP as it is being controlled by the & corporates.
India is greatest EVER. Unlimited pential. YAY!!!
印度是最伟大的，无限的潜力，耶! ! !
If recovery is real where are jobs.