India in better position to face external shocks: Michael Patra

MUMBAI: The pandemic caused production losses of more than a tenth of the annual GDP of a normal year. Central bank deputy governor Michael Patra said it could take years to recover this lost output. In addition, countries going back for policy normalization would involve global spill-overs from which India cannot be immune. “Supply disruptions, … Read more

It may take many years to recover production loss due to pandemic: RBI

The pandemic caused production losses of more than a tenth of the annual GDP of a normal year. RBI Deputy Governor Michael Patra said that it may take many years to recover this lost output. Furthermore, as countries going back for policy normalization will involve global spillovers, India cannot be immune. Supply disruptions, health crises, … Read more

India in better position to face external shocks: Michael Debabrata Patra

Reserve Bank Deputy Governor Michael Debabrata Patra on Monday said India is better positioned to face external shocks arising out of rising geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change. With regard to the macroeconomic configuration in 2013, when India was described as one of the fragile five countries, … Read more