RBI: Speed and scale of Covid vaccination to shape the path of recovery

In the bulletin, RBI stated that by current assessment, the second wave’s toll is mainly in terms of the hit to domestic demand.

Jun 17, 2021 02:06 IST India Infoline News Service

Reserve Bank of India logo
The Indian economy continues to wrestle with the second wave of the pandemic, though cautious optimism is returning, says the Reserve Bank of India (RBI) in the June 2021 bulletin.

In the bulletin, RBI stated that by current assessment, the second wave’s toll is mainly in terms of the hit to domestic demand.

However, on the brighter side, RBI also pointed out that several aspects of aggregate supply conditions - agriculture and contactless services are holding up, while industrial production and exports have surged compared to last year amidst pandemic protocols.

Going forward, RBI said that " the speed and scale of vaccination will shape the path of recovery."

"The economy has the resilience and the fundamentals to bounce back from the pandemic and unshackle itself from preexisting cyclical and structural hindrances," RBI added.

Related Story

Open Free Demat Account (Rs699)