Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]latest-news-updates/economic-revival-beating-predictions-rbi-bulletin.html"/> LATEST NEWS UPDATES | Economic revival beating predictions: RBI bulletin | Im4change.org
Resource centre on India's rural distress
 
 

Economic revival beating predictions: RBI bulletin

-The Hindu

“Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing,” RBI officials say in an article in the central bank’s monthly bulletin.

There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor Michael Patra, said in an article in the central bank’s monthly bulletin.

“Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing. Financial conditions embodied in interest rates are perhaps at their easiest in decades,” said the article titled “State of the Economy”, adding that despite headwinds, efforts by all stakeholders could put India on a faster growth track.

However, they warned that notwithstanding the severe impact of COVID-19 on government finances, it was imperative for the Centre and States to continue with the countercyclical fiscal measures to sustain the momentum of the recovery. At a time when States have reduced spending on infrastructure and other projects, it said.

“Revenue expenditure measures undertaken to enhance social protections to the underprivileged and to address labour market dislocations might need to continue as the recovery is likely to be uneven across sectors.”

Please click here to read more.