Economic activity gathering steam, but private investment missing: RBI The vaccination programme has released pent-up optimism and "there is little doubt today that a recovery based on a revival of consumption is underway," RBI said. BusinessToday.In | March 1, 2021 | Updated 19:03 IST With production of pulses 6 per cent higher than a year ago, inflationary pressures on the food front are set to ebb, RBI said. The Reserve Bank of India (RBI) on Monday, March 1, said India's economic activity is gaining momentum on COVID-19 vaccination roll out and decrease in infections, but private investment is missing. The vaccination programme has released pent-up optimism and "there is little doubt today that a recovery based on a revival of consumption is underway," RBI said.