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

Street expecting across-the-board earnings acceleration in FY22

Topics
Reserve Bank of India | Indian Economy | RBI Policy

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 ...

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First Published: Sat, February 06 2021. 00:35 IST
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