Indian economy's medium-term outlook remains uncertain, says RBI Governor

Saturday, 11 July 2020

The Indian economy’s medium-term outlook remains uncertain even though the country has started re-opening after over two months of a nationwide lockdown, the central bank governor has said.

According to the Reserve Bank of India (RBI) Governor, the uncertainty remains as demand and supply shocks due to the coronavirus still loom large, reports Reuters.

Policy responses by the central bank appear to have worked so far, but going forward the situation would need even more careful assessment, the RBI Governor Shaktikanta Das said on Saturday.