The Indian economy is picking up leaving behind the shadow of the pandemic: RBI report

Published On: Tuesday, October 19, 2021 | By: Team KnowMyStock

The Indian economy is picking up leaving behind the shadow of the pandemic as consumer demand improves and supply constraints ease due to strong Kharif agricultural production and revival in manufacturing and services. Also, softer food prices are aligning headline inflation closer to the target of 5.3 percent for FY'22. "The green shoots of revival have spilled out of the high-frequency indicators and on to the headline metrics in a recovery that is progressively solidifying," the report said. RBI's Economic Activity Index (EIA) indicates that real GDP grew by 9.6 percent in July-September 2021

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