"Indian economy moving in only one direction, upward: RBI Governor"
The Federal Reserve Bank of India (RBI) Governor Shaktikanta Das is sort of assured that FY22 can undo the injury inflicted by the coronavirus on our economy.
We see the Indian economy acquiring just one direction i.e. upward," aforementioned tally Governor Shaktikanta DasWhile the year 2020 tested our capabilities and endurance, 2021 is setting the stage for a replacement economic era within the course of our history.
RBI Governor Das aforementioned that the buyer confidence is invigorating and business expectations of producing, services and infrastructure stay upbeat. The movement of products and folks and domestic commerce activities square measure growing at a strong pace.In line with the Union Budget, tally projected a GDP rate of ten.5 per cent for FY22. tally Governor Shaktikanta Das aforementioned the expansion outlook has improved considerably and also the vaccination drive can facilitate the economic rebound.
RBI financial Policy Committee has voted to stay the policy repo rate unchanged at four per cent, aforementioned tally Governor Shaktikanta Das on Friday .
The marginal standing facility rate and also the discount rate stay unchanged at 4.25 per cent whereas the reverse repo rate stands unchanged at 3.35 per cent, the tally Governor enlightened.