India’s overall monetary and credit conditions remain favorable for a sustainable economic recovery, RBI officials wrote in an article in its monthly bulletin released on Monday.
In the article on “The State of the Economy,” he wrote, “Mobility is improving rapidly, the job market is improving and overall economic activity is on the verge of a strong revival.”
At a time when many economies were grappling with nascent reforms, the global economic outlook remained shrouded in uncertainty with adversity on several fronts. “In India, the recovery gained strength, although the pace and pace of recovery in various sectors of the economy remains uneven. Indicators of aggregate demand present a brighter near-term outlook than previously thought. ,
He said the domestic situation has improved after a significant drop in the level of new COVID-19 infections and rapid progress in vaccination.
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