Q3 2020-21 growth to be positive: RBI

Synopsis
After a gap of nearly four months, government expenditure picked up 43 per cent in November, most of it was transferred to states for capex under `Atmanirbhar Bharat' schemes. merchandise imports finally emerged out of contraction over 9 consecutive months and grew by 7.6 per cent (y-o-y) in December 2020.

MUMBAI: On a day Sensex crossed 50K mark, the Reserve Bank's latest assessment of the economy indicates that the disconnect between the real and financial sector could narrow as high frequency indicators like government's expenditure in growth oriented projects, pick up in merchandise trade and bank credit, higher PMI for December suggest that the recovery is getting stronger in its traction and India is on the move, ahead of other economies.

{{Himanshu Negi}}
Delhi based writer, lover of food, oceans, and nature.

 
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