Mumbai: The Indian economy has started showing signs of returning to normalcy in response to the staggered easing of lockdown restrictions, RBI Governor Shaktikanta Das said.
He further said the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger.
“The Indian economy has started showing signs of getting back to normalcy in response to the staggered easing of restrictions,” Das said at the 7th SBI Banking and Economics Conclave.
Indian companies and industries respond better in a crisis, he noted.
Das, however, said it is still uncertain when supply chains will be restored fully, how long it will take for demand conditions to normalise, and what kind of durable effects the pandemic will leave behind on potential growth. According to him, targeted and comprehensive reform measures already announced by the government should help in supporting growth.