RBI bulletin: ‘Demand shock biggest toll of second Covid wave’

Nevertheless, the loss of growth momentum is not as severe as at this time a year ago, when the country had witnessed a Covid-induced lockdown, it said. In the absence of several high-frequency data for April-May, this assessment, however, is tentative at this stage, it added.

from Banking & Finance – The Financial Express https://ift.tt/3by7o13