The growth momentum needs to strengthen further for a sustained revival of the economy and for a quick return of the level of output to the pre-Covid trajectory, Reserve Bank of India (RBI) Governor Shaktikanta Das said.
According to the minutes of the RBI’s Monetry Policy Committee (MPC) meeting held on February 5, Das said growth, although uneven, is recovering and gathering momentum, and the outlook has improved significantly with the rollout of the vaccine programme in the country. “The sharp correction in food inflation has improved the near-term headline inflation outlook, although core inflation pressures persist,” Das said.
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