new Delhi: Reserve Bank of India Governor Shaktikanta Das has said that the impact of the corona virus epidemic on the economy will gradually reduce. Addressing a meeting of FICCI’s National Executive Committee, the RBI governor said, “The country is still under the influence of Corona virus and the economy will gradually return to normal growth.”
Things improved a lot in the second quarter – Shaktikanta Das
“After the adverse impact on economic activity in the first quarter, things have improved a lot in the second quarter,” he said. Das cited the assessment made by the World Bank and said that it would take more time to recover from these effects globally.
Liquidity Infusion did a good job in other areas – Shaktikanta Das
The RBI governor further said that the RBI has done a massive liquidity infusion continuously and this has ensured large borrowings by the government at a low rate and in a non-disruptive manner. Apart from this, Liquidity Infusion has also done a good job in other areas.