Indicators suggest economic recovery taking hold: RBI Governor Shaktikanta Das

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday said that there are numerous indicators that suggest that economic recovery is now taking hold, but for the growth to be sustainable and reach its potential, investment in private capital has to resume.

Crediting the faster-than-expected recovery primarily to the improved vaccination pace and the resultant steady fall in the infection caseload, Das said this has led not only to lower extreme health outcomes like mortality/ hospitalisation but also boosted consumer confidence, which was visible in the festival demand.