Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Democracy that banks on the electorate
access_time 28 March 2024 5:34 AM GMT
Lessons to learn from Moscow terror attack
access_time 27 March 2024 6:10 AM GMT
Gaza
access_time 26 March 2024 4:34 AM GMT
The poison is not in words, but inside
access_time 25 March 2024 5:42 AM GMT
A witchhunt, plain and simple
access_time 23 March 2024 9:35 AM GMT
DEEP READ
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Ramadan: Its essence and lessons
access_time 13 March 2024 9:24 AM GMT
When ‘Jai Sree Ram’ becomes a death call
access_time 15 Feb 2024 9:54 AM GMT
exit_to_app
Homechevron_rightBusinesschevron_rightRBI report shows...

RBI report shows improving demand, supply sides post unlock

text_fields
bookmark_border
RBI report shows improving demand, supply sides post unlock
cancel

Mumbai: The Indian economy that has seen a relentless downward trend due to the pandemic impact for the last year is now reported to have come back on the recovery track, according to the RBI Bulletin for August.

The report said that the demand side that has been repressive ever since the second wave of COVID-19 hit the country, is now improving as is the supply side with the monsoon catching up to its normal levels and sowing activity gaining pace.

Reaffirming the traction that the economy is gaining, the manufacturing activity is gradually turning around, while the contraction in services has moderated, it said.

On inflation, the central bank said that the behaviour of food price mark-ups exhibited dramatic shifts following the outbreak of COVID-19 and the associated lockdown measures to contain its spread. Using centre-wise daily data on retail and wholesale prices of 22 food items released by the Department of Consumer Affairs, the RBI found that mark-ups increased on average during the first nationwide lockdown (March-May 2020) and persisted even during the subsequent unlocking phase.

Furthermore, the increase in margins was found to be driven predominantly by market centres, which faced high-intensity lockdowns as measured by the mobility indices.

However, reflecting the less stringent and localised nature of lockdowns as well as better supply chain management during the second wave of COVID-19 (April-May 2021), the extent of increase in mark-ups was relatively modest, it said.

Show Full Article
TAGS:COVIDPandemicRBIEconomy
Next Story