Shaktikanta Das said that the economic recovery will be gradual and some of the high-frequency indicators point to some stabilisation of economic activity in the second quarter of the current fiscal year.
Shaktikanata Das said that the world merchandise trade fell over 18 per cent in April-June, citing data from from the WTO.RBI Governor Shaktikanta Das today said that India has seen some stabilisation in economic activity in the ongoing fiscal second quarter. He added that the economic recovery will be gradual, but some of the high-frequency indicators such as agriculture activity, manufacturing PMI, and private estimates of unemployment point to some stabilisation of economic activity in the second quarter of the current fiscal year, while the contraction in other sectors are also simultaneously easing. He further said that the world merchandise trade fell over 18 per cent in April-June, citing data from the WTO.
To be updated…
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