Interest rates, inflation, GDP growth: RBI Governor on Covid 2nd wave & economy
As India's second Covid wave ebbs, Reserve Bank of India Governor Shaktikanta Das announced the Monetary Policy Committee's decisions regarding interest rates on June 4. The MPC decided to keep the repo rate unchanged at 4% and retain the central bank's 'accommodative stance' to help growth. Das said that the Indian economy is expected to grow at 9.5% in 2021-22, against a contraction of 7.3% in 2020-21. Watch the full video for more.