RBI refrains from growth, inflation forecasts; says current GDP projections at risk
PTI, Mar 27, 2020, 1:56 PM IST
Mumbai: The Reserve Bank of India (RBI) on Friday refrained from making any projections for growth and inflation saying the performance of these two key macroeconomic parameters in the days ahead would depend upon the intensity, spread and duration of COVID-19.
Announcing the decisions of the Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said that no projection for growth and inflation was being given in view of the uncertainty created by the outbreak of the deadly novel coronavirus (COVID-19).
Das further said that the growth projection of 4.7 per cent for the fourth quarter of 2019-20 and 5 per cent for the whole fiscal was at risk.
On the global economy, the governor said that slowdown could deepen impacting the growth prospects everywhere in the world.
As regards India, Das said, growth and inflation would be contingent on intensity, spread and duration of COVID-19.
The Reserve Bank in its monetary policy usually provides projections for growth and inflation.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision
SC orders liquidation of grounded air carrier Jet Airways’ assets
Home-cooked meals become dearer in October on costlier vegetables
Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls
Das says incoming data on GDP growth mixed but positives outweigh negatives
MUST WATCH
Latest Additions
Mangaluru International Airport achieves record passenger & air traffic movement in October 2024
World Bunts Summit to be held in Mumbai on December 7
SC refuses to examine plea to appoint ‘yoga mitra’ instructors in schools
Maha Vikas Aghadi a vehicle sans wheels and brakes: PM Modi
LDF lodges complaint with EC, seeks probe into distribution of food kits in Wayanad
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.