The central bank has also said that the only thing missing is private sector investment as even bank credit has started to pick up steam. (Representative image)
MUMBAI: The RBI’s state of the economy note has said that there is economic recovery with drop in Covid cases and “all engines of aggregate demand are starting to fire”.
The central bank has also said that the only thing missing is private sector investment as even bank credit has started to pick up steam.
“Economic activity is gaining steam as Covid incidence recedes and the ongoing vaccine rollout releases pent-up optimism,” the RBI said.