Road ahead for economy

10.5%

RBI projected a GDP growth rate in the fiscal year 2021-22, in sync with the Union Budget’s assessment of the economy The decision to keep interest rates unchanged while retaining an accommodative policy stance suggests that while having passed the baton of economic revival to fiscal policy from interest rates, RBI will continue to support this process by maintaining liquidity

“Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021-22, we would undo the damage that

Covid-19 has inflicted on the economy.” SHAKTIKANTA DAS, RBI governor