India, Feb. 23 -- Pitching for a status quo on rates at the last meeting of the Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das has opined that the growth momentum needs to be strengthened for a sustained revival of the economy and for a quick return of the level of output to the pre-COVID trajectory.

Das said growth, although uneven, is recovering and gathering momentum, and the outlook has improved significantly with the rollout of the vaccine programme in the country. Given the sharp moderation in inflation along with a stable near-term outlook, He said the monetary policy needs to continue with the accommodative stance to ensure that the recovery gains greater traction and becomes broad-based.

All the six members of th...