Indian economy is not immune to COVID19 pandemic: RBI Guv Shaktikanta Das
New Delhi/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said India is not immune to the COVID 19 infection and the country's economy will be impacted along with global economies due to it.
“The second round of effects of the pandemic could operate through a slowdown in the domestic economic growth and would obviously be a result of a synchronised slowdown in global growth and as a part of that the growth momentum in India would also be impacted somewhat," Das was quoted as saying during the press conference.
"RBI has several policy instruments and stands ready to ensure that the effects of Covid-19 are mitigated," he said.
Governor's Press Conference https://t.co/fp8JJQcYWq
— ReserveBankOfIndia (@RBI) March 16, 2020
Das made the remarks on a day when the number of total cases across the country rose to 114 with Maharashtra recording the most of them followed by Kerala.
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