RBI Governor Shaktikanta Das says fiscal authorities are ready to limit fallout on ongoing recovery, but focus should be on containing virus and boosting economic revival.
RBI Governor Shaktikanta Das says the MPC is of the view that it is important to revive growth on a durable basis while ensuring inflation remains within the targeted levels.
Barring a second wave, India stands poised to shrug off the deathly grip of the virus and renew its tryst with its pre-Covid growth trajectory, says RBI Governor Das.
RBI expects headline inflation to remain elevated in the second quarter of 2020-21. It also sees real GDP shrinking in the first half as well as the full year.
CPI-based inflation has remained over 6% for last 2 quarters. With NPAs also expected to rise significantly, RBI could focus on financial stability this time.
In his statement, RBI governor Shaktikanta Das said inflation will remain high in the first half of the fiscal, but will stay below the 4% target later.
Forget comparing it with classics like Hrithik’s Ek Pal Ka Jeena or the slick title track of Dhoom 2, Janaab-e-Aali does not even come close to Ghungroo.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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