Mumbai, Jan. 22 -- India's economic recovery is strengthening and policymakers may soon have more room for steps to support the revival, an article published in the Reserve Bank of India's January bulletin said.

"Recent shifts in the macroeconomic landscape have brightened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target. If these movements sustain, policy space could open up to further support the recovery," the article said.

The article was accompanied by the usual disclaimer that views expressed are those of the authors and do not necessarily reflect the views of RBI.

The central bank cut policy rates by 115 basis points last year to support the recovery but it has le...