Economic recovery gaining strength as India emerges out of 3rd wave: RBI

FY23 Budget proposals, recent monetary policy set tone for broad-based economic revival, says RBI

The Indian economy is gaining momentum as it comes out of the relatively less virulent third Covid wave, which is in divergence with the global economic scenario, the Reserve Bank of India (RBI) said in its state of the economy report.

“In India, the recovery in economic activity is gaining strength and traction as it emerges from the third wave. Both manufacturing and services remain in expansion with optimism on demand parameters and uptick in consumer and business confidence," the central bank said.

According to the report, this time better planning and strategy as well as better management of supply