Central bank governor Shaktikanta Das exuded confidence in the economy on Wednesday with a statement that growth urges and fast-moving economic data were strong. And that’s the projected growth of 9.5 percent this year.
Das pays homage to the many steps taken by the government and the RBI to bring about a faster recovery than expected, especially for fiscal and tax reforms to drive growth and restore confidence.
These measures will continue to drive growth. But as monetary policy approaches its limits, governments need to be at the forefront of driving faster growth, and central banks can continue to provide support to revive a pandemic and devastated economy.