Rising inequality due to Covid pandemic must be bridged: RBI Governor

Says Covid has asymmetrically affected population, calls for fixing it; also bats for big infra push

India’s financial system is maturing and economic growth is on the mend, but the pandemic has asymmetrically affected the population, which must be bridged for sustainable, and inclusive growth, Reserve Bank of India (RBI) governor Shaktikanta Das said on Wednesday.

The RBI governor also lauded the government’s Production Linked Incentive (PLI) scheme for manufacturing, which has enabled India to be the "home to almost all the leading global mobile phone manufacturers,” leading the country to turn from being an importer to an exporter of mobile phones.  

“This trend is likely to spill over to other sectors also," he said, adding