Central bank: India has seen the worst, barring another wave of COVID-19

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Thu, 2021-01-21 08:25

MUMBAI: Barring another wave of COVID-19 infections, the worst is over for India’s economy and policymakers may soon have more room to support a recovery, the central bank said in its January bulletin released on Thursday.
“Recent shifts in the macroeconomic landscape have brightened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target,” the Reserve Bank of India (RBI) said in an article on the state of the economy.

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