Orissa POST
Orissa POST

Economic upheaval likely to deter RBI from quantifying FY21 growth forecast

Economic upheaval likely to deter RBI from quantifying FY21 growth forecast
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New Delhi: The dynamic economic upheaval unleashed by COVID-19 pandemic might hinder the Reserve Bank of India (RBI) from giving a pin-pointed growth as well as inflation forecast in the upcoming monetary policy report, experts opined.

The existing legislations mandate the RBI to come out with a growth and inflation forecast twice in an interval of six-months in the monetary policy report.

Expectedly, the report is slated to be issued with the upcoming policy review on October 1. The report was last issued in February.

'Given the continuing uncertainty on the economic revival, it is difficult to say whether RBI will come out with clear forecasts on the GDP print for FY21,' said Suman Chowdhury Chief Analytical Officer at Acuite Ratings and Research.

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