RBI to announce new measures to maintain adequate liquidity in the system, facilitate bank credit flow, ease financial stress. Surplus liquidity in the banking system has increased substantially as a result of central bank actions. RBI Governor Shaktikanta Das assured it is expected that India's economy will make a sharp turnaround in 2021-22. For the current financial year 2020-21, Das said that the International Monetary Fund (IMF) has projected a sizable reshaped recovery, close to 9 percentage points for the global GDP. India is expected to post a sharp turnaround and resume its pre-COVID-19 state, pre-slowdown trajectory by growing at 7.4% in 2020-21.

Source: dna April 17, 2020 06:22 UTC