Mumbai: Even as the government is due to release the GDP numbers for the second quarter on Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das said that the Indian economy has exhibited stronger than expected pick-up and the growth outlook has improved.
At the same time, Das cautioned about the need to be watchful over the downside risks of a fresh surge in COVID-19 infections, the sustainability of demand after the festival period a possible reassessment by the markets around vaccine expectations, The Times of India reported.
ADVERTISEMENT
The RBI governor’s statement comes at a time when forecasters are revising the GDP decline numbers for the second quarter, given the rebound in economic activity.
