RBI Governor Shaktikanta Das: Recovery not steady and continuous yet

According to the minutes of the MPC meeting on December 7, Das said, “Over the last two months it has become increasingly clear that the recovery underway is faster than what was anticipated at the time of the October policy, although it must also be noted that overall activity is still below its level a year ago.” Das said investment demand in the economy is still to gain traction even as the transmission of policy rate actions has been sharper and quicker.

As per MPC Member Shashanka Bhide, despite the overall improvement in the level of economic activities, there are concerns on the status of some of the sub-sectors and aspects of the economy.