Economic recovery stronger than expected, need to be watchful of demand sustainability: RBI Governor Das

“After witnessing a sharp contraction in the economy by 23.9 per cent in Q1 and a multi-speed normalisation of activity in Q2, the Indian economy has exhibited stronger than expected pick-up in momentum of recovery,” Das said. Go to Source

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The pace of economic recovery is increasing, says Niti Aayog CEO Amitabh Kant

The Index of Industrial Production (IIP), which was in contraction for six months, turned positive in September. Manufacturing PMI in October was not just growing, but was at multi-year highs. These trends are likely to persist, said Niti Aayog CEO Amitabh Kant. Go to Source

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The year unconventional monetary policy turned conventional

Forced to think outside the box by the 2008 financial crisis and then again this year by the coronavirus pandemic, the Federal Reserve, European Central Bank and most of their international counterparts have become more aggressive and innovative than ever in defending their economies from recession and the threat of deflation.

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