RBI forecasts end to contraction by Q4

10 oct 2020

RBI forecasts end to contraction by Q4

RBI governor Shaktikanta Das announced new series of measures which would enhance liquidity support to financial markets. Due to COVID 19 there have been losses in the economy. The central bank has taken measures to revive growth and mitigation the worse impacts of the pandemic. However, real GDP is expected to decline by 9.5%. The focus which was earlier on containment and protection of the people from pandemic would now shift on revival of the economy. The prime target would be the farming sector. Shaktikanta Das is the governor of RBI.