Don't Foresee Anymore Lockdowns, GDP Growth Forecast Remains 10.5%: RBI Governor

The economic revival will continue "unabated", RBI Governor Shaktikanta Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22.

The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said today. The economic revival will continue "unabated", Mr Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22. Speaking at Times Network's India Economic Conclave 2021, Mr Das said, "We have 'insurance' to protect economic revival like a fast-paced vaccination drive, greater ability among people to follow COVID protocols", and one does not see lockdowns as well. "The renewed surge in COVID cases in many parts of the country is a matter of concern," the governor said.