Exports, sales or jobs, things are likely to start getting better from here on. Some indicators are pointing towards emerging green shoots in the economy. perhaps that is the reason why today Reserve Bank of India (RBI) Governor said that GDP growth may turn positive by the January March quarter. Reserve Bank of India Governor Shaktikanta Das is expecting a three-speed recovery in the economy.
The RBI sees India's real GDP contracting by 9.5 per cent in the current fiscal year, Mr Shaktikanta Das said. "The MPC is of the view that revival of the economy from an unprecedented COVID-19 pandemic assumes the highest priority in the conduct of monetary policy."