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Govt, RBI's in-sync approach to economic growth inspires confidence

Street expecting across-the-board earnings acceleration in FY22

reserve bank of india, rbi
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While it was more or less a given that the MPC will not tinker with the key policy rates, there was some expectation that liquidity in the system may be curbed. But keeping pace with global peers, Das didn’t seem bothered

Hamsini Karthik Mumbai
It was the first time since February last year that Reserve Bank of India (RBI) Governor Shaktikanta Das gave a confident guidance on the economic outlook and growth momentum.

“I would like to say that, going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021-22, we would undo the damage that Covid-19 has inflicted on the economy,” he said in his concluding remarks.

Industry observers say this is the most emphatic Monetary Policy Committee (MPC) speech, and regardless of whether the governor drew confidence