Shaktikanta Das, Governor,Reserve Bank of India (RBI) claimed that India is at the doorstep of a revivalprocess from the ongoing pandemic.
Speaking at an event, he said that it is very important thatthe financial entities have adequate capital to support growth. He noted thatmany of them have already raised capital while others are planning to do thesame.
He said that after the pandemic is contained, the governmentwill have to spell out a fiscal roadmap for the country.
Das further said that the fiscal measures taken by thegovernment to deal with the pandemic have so far been well calibrated andprudent.
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"The Central government has provided prudent measuresto provide financial support to the weaker sections and small businesses,"he said.
It is noteworthy that the International Monetary Fund (IMF)has estimated that the contraction in the Indian per capita Gross DomesticProduct (GDP) will be so high that its neighbor Bangladesh will have a higherper capita GDP by this year’s end.