Indian economy reviving at unforeseen pace: RBI
India TV NewsAs economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly bulletin of the central bank for December said more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown. In its last monetary policy meet, the RBI revised the real GDP growth projection for FY21 upwards to 7.5 per cent on the back signs of faster recovery after the narrowing of the GDP contraction for the July-September, along with hopes of Covid-19 vaccines. Post the last MPC meet, RBI Governor Shaktikanta Das had said that the growth will enter positive zone in the third quarter of current fiscal with projection that GDP may grow at 0.1 per cent and the growth will further improve in Q4 to 0.7 pet cent.