India at doorstep of economic revival - RBI Governor


New Delhi, Oct 21 (IANS): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that India is at the doorstep of a revival process from the ongoing pandemic.

Speaking at an event, he said that it is very important that the financial entities have adequate capital to support growth. He noted that many of them have already raised capital while others are planning to do the same.

He said that after the pandemic is contained, the government will have to spell out a fiscal roadmap for the country.

Das further said that the fiscal measures taken by the government to deal with the pandemic have so far been well calibrated and prudent.

"The Central government has provided prudent measures to provide financial support to the weaker sections and small businesses," he said.

  

Comment on this article

  • Bhavya Baliga, Udupi

    Wed, Oct 21 2020

    Look at the educated Tharoor who made a ' brilliant' statement in Pakistan in Litt Festival.
    Educated are such. Need to be civilized.

    DisAgree Agree [1] Reply Report Abuse

  • Deshbhakt, Mangalore

    Wed, Oct 21 2020

    Madamji,

    RBI Governor is talking about revival, not said that it achieved 10% growth as Modiji promised in 2024 - are you confused by any chance ??

    Tharoor's literary level is beyond your comprehension. Let's limit ourselves to gutter gas for tea-making and extraction of water from air in a country where water is so cheap that 50% of the country gets flooded during monsoons. Nevertheless, Tharoor is not the only Indian who spoke in pak, we have sufficient Bharat Matha's Sons hailed Jinnah there.

    DisAgree Agree [1] Reply Report Abuse

  • Veer, Nagpur

    Wed, Oct 21 2020

    When anything is at the door steps it works both ways in or out. But your repeated bismal performance numbers and negative growths the only way is out the door. Just as you fake the stock indices numbers are going high but the actual stock prices are going down. This says stock market is artificially held high.

    DisAgree [1] Agree Reply Report Abuse

  • Deshbhakt, Mangalore

    Wed, Oct 21 2020

    Sirji,

    How long will it take to reach to positive growth counting ? Any idea ?? Revival will start from thereon, isn't it ??

    DisAgree [1] Agree Reply Report Abuse

  • Eric Coelho, Mangalore

    Wed, Oct 21 2020

    Look who is talking, for the first time a RBI Governor whose education is MA in History is handling financial matters. It is talk gone in the wind.

    DisAgree [1] Agree Reply Report Abuse


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