‘Fragile Recovery’ Warrants Continuing Policy Support - RBI’s MPC Minutes: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Since the onset of the Covid-19 pandemic, the Monetary Policy Committee prioritised growth over inflation as it unleashed a variety of measures to mitigate the impact of the pandemic on the economy.
In the February 2021 review minutes released yesterday, MPC members noted that although there were green shoots of recovery in some sectors, many sectors were languishing below their pre pandemic levels in what they characterised as ‘multi-speed recovery’.
Members noted that while high-frequency indicators show that manufacturing sector has normalised to pre-pandemic level, contact-intensive services sector may take longer to normalise.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.