India's economy has seen even more recovery than expected: RBI Governor

New Delhi, 26 November 2020, Thursday

Reserve Bank of India Governor Shashikant Das on Thursday said that India's economy has recovered more than expected after the lockdown caused by the Corona epidemic.

"The festive season has seen a huge surge in demand and efforts will have to be made to keep this demand unchanged," he said at an event of the Foreign Exchange Dealers Association. We are constantly working.

Shashikant Das said that although there is a risk of slowing down growth in India along with the rest of the world, the growth outlook is looking good now.

The RBI estimates that the current financial year could see a 9.5 per cent decline in India's economy.