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Indian economy’s medium-term outlook remains uncertain

A man walks past a Yes Bank branch in New Delhi on July 9, 2020. India's embattled Yes Bank, which was on the brink of collapse earlier this year, announced plans on July 9 to raise up to 150 billion rupees ($2 billion) in a Mumbai stock listing. (AFP)

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Updated 11 July 2020

Reuters

July 11, 2020 05:51

Indian economy’s medium-term outlook remains uncertain

Policy responses by the central bank appear to have worked so far

Updated 11 July 2020

Reuters

July 11, 2020 05:51

NEW DELHI: The Indian economy’s medium-term outlook remains uncertain even though the country has started re-opening after over two months of a nationwide lockdown, as demand and supply shocks due to the coronavirus still loom large, the central bank governor said on Saturday.
Policy responses by the central bank appear to have worked so far, but going forward the situation would need even more careful assessment, said Reserve Bank of India Governor Shaktikanta Das.