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India's economy may have grown 22.1% in Q1, but demand is still low: RBI

The RBI, in its state of the economy report, cited a mathematical model that suggested, in the best and normal course, the third wave could just be a ripple and life would return to normalcy by August

Topics
Coronavirus | Reserve Bank of India | Indian Economy

Anup Roy  |  Mumbai 

Photo: Reuters
Photo: Reuters

The tapering of the second Covid-19 wave, coupled with an aggressive vaccination push, has brightened the near-term prospects for the Indian economy, and real gross domestic product (GDP) growth is estimated at 22.1 per cent in the April-June quarter, the (RBI) said in its July bulletin on Thursday.

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First Published: Thu, July 15 2021. 19:21 IST
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