Ficci national executive committee meeting - Latest News Update, Information, Photos & Videos on Ficci national executive committee meeting at Lokmat Times

India's economic recovery is likely to be gradual as the country is still reeling from the impact of coronavirus (Covid-19) and rising infections continue to pose a risk, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.However, the latest data suggests some stabilisation in economic activities in the second quarter of the current fiscal year, he said while addressing the FICCI National Executive Committee Meeting through video conferencing."High-frequency indicators of agricultural activity, the purchasing managers' index (PMI) for manufacturing and certain private estimates for unemployment point to some stabilisation of economic activity. The contraction in many other sectors is simultaneously easing," said Das."But the recovery is not yet fully entrenched. In some sectors, the optics noticed in June and July appear to have leveled off. By all indications, the recovery is likely to be gradual as efforts towards reopening of the economy are confronted with rising infections," he added.Das said the RBI stands battle-ready and whatever measures are required will be taken up.His comments came days after official data showed the country's GDP contracted by a record 23.9 per cent in the April to June period.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Operation Sindoor

Pahalgam Terror Attack

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Ficci National Executive Committee MeetingFOLLOW

Ficci national executive committee meeting, Latest News

Business :Tamil Nadu govt making all efforts to meet challenges in education, tech and infra at the global level: State IT minister

Chennai (Tamil Nadu) [India], April 30 : Tamil Nadu Minister for Information Technology and Digital Services T Mano Thangaraj ... ...

Business :Economy showing sign of stability, but recovery to be gradual: RBI Governor Das

India's economic recovery is likely to be gradual as the country is still reeling from the impact of coronavirus (Covid-19) and rising infections continue to pose a risk, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. ...