Indian economy may take 12 years...
The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) on friday presented a report on currency 'and finance'. In this report, RBI has said that the indian economy has suffered a huge loss from Covid-19 and it may take about 12 years to recover from it.
Covid has hit the direction of development in the country
RBI said that the corona epidemic is a very complex problem. It has attacked the direction of structural development taking place in the country. According to the report presented, the country's economy has been badly affected due to the Corona epidemic and it will now take at least 12 years to recover. According to the report of the Reserve bank (RBI), the government has given continuous emphasis on capital expenditure. At the same time, with the promotion of digitalization, the economy can get back on track due to increasing investment opportunities in e-commerce, startup, innovation and other areas.
Products worth Rs 52 lakh crore destroyed
The analysis report of the impact of the corona epidemic on the economy showed that during Covid-19, about 52 crores of products were wasted. During this, RBI has estimated product loss for 2020-21 at Rs 19.1 lakh crore, for 2021-22 at Rs 17.1 lakh crore and for 2022-23 at Rs 16.4 lakh crore.
Concern over the pandemic
It has been told in the RBI report that the epidemic is not over yet. While in some places, a no-covid policy is being adopted. At the same time, restrictions related to Covid have started to be removed in some areas.
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