Coronavirus | Economy holding up against virus surge: RBI
The Hindu
RBI bases hope for continued recovery on earnings, rise in use of capacity, electricity consumption
India’s economic activity has held up well against the recent spike in COVID-19 cases but the rise in infections risks protracted restrictions and inflationary pressures, the central bank (RBI) said in its monthly bulletin on Monday. “It is noteworthy that economic activity in India is holding up admirably against COVID-19’s renewed onslaught,” the RBI said.
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