Speed, scale of vaccination to shape recovery: RBI Bulletin

Second wave has hit domestic demand, write bank officials

The speed and scale of vaccination against COVID-19 will shape the path of recovery of the economy, which has the resilience and the fundamentals to bounce back from the pandemic and unshackle itself from pre-existing cyclical and structural hindrances, according to an RBI bulletin article. As per the current assessment, the second wave of the pandemic has mainly hit domestic demand, Reserve Bank of India Deputy Governor M.D. Patra and other central bank officials wrote in the article on ‘State of the Economy’.