RBI Annual Report 2019-20: Shock To Consumption Severe, Will Take Time To Mend

India’s private consumption will take quite some time to mend and regain pre-pandemic momentum, RBI says in its annual report.

A customer hands an Indian one hundred rupee banknote to a roadside vegetable vendor in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Reserve Bank of India has said private consumption in India, hurt by lower incomes, job losses and behavioural restraints, will take time to revert to pre-pandemic levels as the recovery has lost strength.

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WRITTEN BY
Pallavi Nahata
Pallavi is Associate Editor- Economy. She holds an M.Sc in Banking and Fina... more
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