India's economy to take 12 years to overcome Covid losses: RBI2 min read . Updated: 29 Apr 2022, 07:07 PM IST
RBI points out that the recovery in economic activity remains stimulus-dependent, even as new risks to growth and inflation have emerged from the war in Ukraine and normalisation of monetary policy in the US.
India is expected to overcome Covid-19 pandemic losses by fiscal FY35, the Reserve Bank of India (RBI) stated in its report on Friday. RBI believes that monetary policy has to assign priority to price stability as the nominal anchor for the future growth trajectory.
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