Home / Economy / News / Economy recovering faster than expected, inflation needs to be tackled: RBI

Economy recovering faster than expected, inflation needs to be tackled: RBI

The National Statistical Office's (NSO) end-November release showed that the Covid-19 pandemic imposed retrenchment of the first quarter was much shallower in the second quarter

Premium

During the Covid-19 pandemic, financial savings of households and corporations have risen.

4 min read Last Updated : Dec 25 2020 | 12:39 AM IST

Indian economy is recovering faster than expected and may post minor positive growth in the third quarter, but efforts need to be redoubled to fight inflation so that it doesn’t hurt the incipient growth impulses, according to the State of the Economy report in the December Bulletin of the Reserve Bank of India (RBI).

“Indian economy is pulling out of Covid-19’s deep abyss and is reflating at a pace that beats most predictions," the report said. Although there are headwinds, “steadfast efforts by all stakeholders could put India on a faster growth trajectory,” the report said.

The National Statistical Office’s

Topics : Inflation Economic recovery Indian Economy RBI

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in