Economic activity has begun to recover: RBI

August 06, 2020 12:24

RBI presser: RBI is perhaps the only central bank in the world which has set up a special quarantine facility for continuity of critical operations. Taking into consideration all factors, the GDP growth in the first half of the year is estimated to remain in the contraction zone. For the year 2020-21 as a whole, real GDP growth is also estimated to be negative. Monetary Policy Committee noted that in India too, economic activity had started to recover, but surges of fresh infections have forced fresh lockdowns, hence several high-frequency indicators have levelled off:

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