RBI's DECEMBER 2021 MONETARY POLICY EXPECTATIONS
- Credit Rating Agency in India
- RBI Monetary Policy
- RBI's DECEMBER 2021 MONETARY POLICY EXPECTATIONS
The RBI’s December Monetary Policy would be formulated against a mixed economic backdrop.
GDP GROWTH
The Indian economy was already in a stage of pronounced downturn when the pandemic devastated lives and livelihoods on a large scale. The GDP shrank 24.4 per cent in the first quarter after the pandemic struck and contracted by 7.3 per cent for the whole year with a negative output gap.