Mumbai, March 25
The rising Covid infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, RBI Governor Shaktikanta Das said on Thursday.
My understanding and our preliminary analysis shows that the growth rate next year – the 10.5% which we had given – would not require a downward revision — Shaktikanta Das, RBI Governor
The economic revival will continue “unabated”, Das said, asserting that there is no need for a downward revision of RBI’s 10.5% GDP growth forecast for FY22.
Speaking at India Economic Conclave, Das said, “We have ‘insurance’ to protect economic revival like a fast-paced vaccination drive, greater ability among people to follow Covid protocols”, and one does not see lockdowns as well.
“I would feel the revival of economic activity, which has happened, should continue unabated going forward. My understanding and our preliminary analysis shows that the growth rate next year – the 10.5% which we had given – would not require a downward revision,” he added. — PTI