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MPC minutes: Investment demand in economy is yet to gain traction, says Shaktikanta Das

city New Delhi India 2020 vaccine economy
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New Delhi: Reserve Bank of India Governor Shaktikanta Das said post-Covid improvement in economic recovery is not steady and continuous yet.

The statement was part of the minutes of the RBI Monetary Policy Committee Meeting held from 2-4 December, 2020 that were released on Friday."The Reserve Bank’s consumer confidence survey of urban areas has registered a marginal uptick in November 2020 from its trough in September.

Optimism on early vaccine availability has also boosted economic sentiments. As per my assessment, the recovery is multi-speed as more sectors are showing an upturn, though the improvement is not steady and continuous yet," said Das.Investment demand in the economy is still to gain traction even as the transmission of policy.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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