RBI Governor said India is at doorstep of revival process BANK NEWS

 

"I think post-Covid, once there is the containment of pandemic, the government will certainly have to spell out a fiscal roadmap that India should adopt," Das said.

RBI Governor said India is at doorstep of revival process
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Mumbai: The governor of Reserve Bank of India Shri Shaktikanta Das said India is “at the doorstep of the revival process” from the coronavirus pandemic, in response to a question at a panel discussion conducted by Bloomberg Quint on Wednesday.

 

Both fiscal and monetary policy were counter-cyclical and accommodative and both were working in close symmetry, he added, while stating that the fiscal measures taken by the government to deal with the pandemic have so far have been well calibrated and prudent.

 

Speaking at the launch of the book 'Portraits of Power: Half a Century of Being at Ringside', written by former bureaucrat and current chairman of the finance commission N K Singh, Das said "We are almost at the doorstep of revival process and it's very important that the financial entities have adequate capital (to support growth)."

 

"I think post Covid, once there is containment of pandemic, the government will certainly have to spell out a fiscal roadmap that India should adopt," he noted.



Posted Date :  21-10-20

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