Signs of global economy emerging from COVID impact: RBI Governor

MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday the world is witnessing initial signs of recovery from the impact of COVID-19 pandemic.

The pandemic caused structural changes in global economy and impacted the poor more. “COVID-19 is a watershed event in our era. It has caused widespread devastation of lives and livelihoods. There are very few parallels to this shock,” he said. Das was speaking at 48th convention of the All India Management Association here.

“The pandemic is likely to leave indelible marks on the world economy,” said Das adding that the pandemic has affected the poor and the vulnerable more.

In India too, he said, COVID-19 has impacted many dynamic sectors of the economy and propelled them to opt for greater adoption of new digital technologies.