Economic recovery to see phoenix-like rise: RBI paper
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Mumbai, Jan. 21 -- Recent high-frequency data suggests India's economic recovery is getting stronger, and policymakers may soon have space to support the rebound, according to an article published in the Reserve Bank of India's monthly bulletin.
"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.
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RBI cut policy rates last year to support economic recovery, but has left rates unchanged in the recent months owing to rising inflation.
The article said the number o...
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