Second Covid wave unlikely to derail India's growth: RBI Governor

There should be an orderly evolution of the yields, says Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday expressed confidence that the second wave of Covid infections will not derail India’s economic journey. He maintained the RBI’s recent 10.5-per cent growth forecast for the coming fiscal year (2021-22, or FY22).
 
His assurance assumes significance amid apprehensions about surging new Covid infections and resultant lockdowns being clamped in many cities.
 
“Revival of economic activity should continue unabated. I don’t see a downward revision in 10.5 per cent growth estimate for FY22, which the RBI had given last month,” Das said at the Times Network India Economic Conclave,