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Economic recovery stronger than expected: RBI governor Shaktikanta Das

The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth

rbi governor, shaktikanta das
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Reserve Bank of India Governor Shaktikanta Das

Anup Roy Mumbai
A day before the release of the second-quarter growth numbers, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the economy had exhibited a stronger-than-expected pick-up in momentum of recovery, but warned that the recent surge in Covid-19 infections in advanced economies and parts of India continued to pose a potent risk to growth.

The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth. Analysts don’t expect further rate cuts by the central bank, especially as the past cuts have not been fully transmitted yet, and the economic