RBI Governor Shaktikanta Das Announces Measures To Mitigate Pain Of Economic Crisis Due To Lockdown

INDIA Team Latestly| Apr 17, 2020 03:49 PM IST
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Reserve Bank of India (RBI) Governor, Shaktikanta Das said that according to International Monetary Fund (IMF) the global economy is expected to plunge into the worst recession since 'The Great Depression'. However, he said that India is expected to make a sharp recovery and economy could be growing at 7.4% in 2021-22. The RBI Governor announced measures to increase liquidity in the economy and announced fresh measures to help prevent bankruptcy in small and medium-sized businesses.

Tags:
Coronavirus lockdown economic crisis Economic Package IMF International Monetary Fund Monetary Policy Committee MPC MSMEs Non-performing Assets NPA RBI Reserve Bank of India Rupee Shaktikanta Das TLTRO
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