Demand has moved beyond pent-up demand to actual one: RBI Governor Das

Shaktikanta Das, RBI governor | File photo

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said demand in the economy has moved from being of pent-up nature to actual one, and the momentum is likely to sustain.

"Demand has now moved beyond pent-up demand to actual demand coming up. I think the demand curve is expected to be now much more sustained," Das told reporters during the post-policy conference call.

He added that the central bank monitors high-speed indicators and all are pointing towards a growth in demand.

The RBI has projected real GDP growth at 10.5 per cent for the next financial year.

The Monetary Policy Committee on Friday left the policy rate unchanged at 4 per cent and continued with the accommodative stance to support growth.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel