RBI warns about inflationary pressures ahead if resurgence in COVID-19 not contained in time

In its April 2021 bulletin, RBI states that economic activity in India is holding up against COVID -19’s renewed onslaught.

Apr 27, 2021 04:04 IST India Infoline News Service

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The Reserve Bank of India (RBI) said that as India battles the ferocious rise of new infections, a strong policy response is building. In its April 2021 bulletin, RBI states that economic activity in India is holding up against COVID -19’s renewed onslaught.

On sector-wise, RBI said that apart from contact-intensive sectors, activity indicators largely remained resilient in March and grew beyond pre-pandemic levels.

RBI warns that the resurgence in COVID-19, if not contained in time, risks protracted restrictions and disruptions in supply chains with consequent inflationary pressures.

"Pandemic protocols, speedier vaccination, ramping up hospital and ancillary capacity, and remaining resolutely focused on a post-pandemic future of strong and sustainable growth with macroeconomic and financial stability is the way forward," RBI adds.

In the last 24 hours, 3,23,144 new cases were registered in India. Ten states including Maharashtra, Uttar Pradesh, Delhi, Karnataka, Kerala, Chhattisgarh, West Bengal, Tamil Nadu, Gujarat and Rajasthan report 71.68% of the new cases.

The Ministry of Health and Family Welfare today said that India’s total Active Caseload has reached 28,82,204. It now comprises 16.34% of the country's total Positive Cases. A net incline of 68,546 cases recorded from the total active caseload in the last 24 hours.

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