Welcome you to the Fifteenth edition of Devmantra Times for the month of May 2022.
Recovery of Economic Losses due to Covid 19-Long way to go
As per the report has been authored by officials in the RBI’s Department of Economic and Policy Research The Indian economy may take more than a decade to overcome the losses emanating from the covid-19 pandemic. The report has estimated the output losses during the pandemic period at around Rs 52 lakh crore. With the ongoing Russia-Ukraine conflict, the downward risks to global and domestic growth are getting accentuated through surge in commodity prices and global supply chain disruptions.
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