Resurgence of pandemic may bring back inflation pressure, says RBI

Pandemic protocols, speedier vaccination, ramping up health care capacity, and remaining resolutely focused on a post pandemic future is the way forward, state-of-economy report says

The Reserve Bank of India (RBI) on Monday warned that the resurgence of the Covid-19 pandemic could bring back inflationary pressures in the country.
 
“The resurgence in Covid-19, if not contained in time, risks protracted restrictions and disruptions in supply chains with consequent inflationary pressures,” RBI said in its state of the economy report, a part of the bulletin for April.
 
“Pandemic protocols, speedier vaccination, ramping up hospital and ancillary capacity, and remaining resolutely focused on a post pandemic future of strong and sustainable growth with macroeconomic and financial stability is the way forward,” the report said.