For Quick Alerts
For Daily Alerts

A $9 Trillion Dent To Global Economy Due To Covid 19 : Das


After March 27 address, the RBI governor in his briefing today may announce some stimulus measures to provide a cushion from the fall-out due to the pandemic. In his addres he says that 'mission is to do whatever it takes'. Also to prevent the steeping of the curve of the covid 19.

As per the IMF projection, Das hints that global economy will see a hit of $9.1 trillion due to Covid 19 in 2021-2022.

A $9 Trillion Dent To Global Economy Due To Covid 19: Das

For India, the growth is seen at 1.9%, the highest among G-20 nations.

"The COVID-19 pandemic is an invisible assassin which needs to be contained quickly before it spreads and wreaks havoc on valuable human lives and the macro economy. In this scenario, it is important to ensure that finance, which is the lifeline of the economy, keeps flowing seamlessly to various sectors of the economy," he said in the minutes of the recent MPC meet.

Earlier measures taken by the RBI include:

1. Repo rate cut to record low of 4.4%

2. Injecting rupee liquidity through LTROs

3. Reduction in CRR to 3% from 4% earlier

Read more about: shaktikanta das rbi
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more