RBI's DECEMBER 2021 MONETARY POLICY EXPECTATIONS

Tuesday, December 07 2021

The RBI’s December Monetary Policy would be formulated against a mixed economic backdrop.

GDP GROWTH

The Indian economy was already in a stage of pronounced downturn when the pandemic devastated lives and livelihoods on a large scale. The GDP shrank 24.4 per cent in the first quarter after the pandemic struck and contracted by 7.3 per cent for the whole year with a negative output gap.

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