The Reserve Bank of India on Thursday, said that the country's economy was showing positive signs of recovery. RBI predicted that the growth rate of the economy may enter the positive territory in the third quarter (October-December Q3). However, it showed some caution and said that there was the need to check the rising inflation rate so that it does not affect growth. The latest economic activity indicators suggest the real GDP growth is expected to break out into positive territory in Q3 - albeit, to a slender 0.1 per cent. It uses the 'nowcasting' method, a prediction of the present or the very near future of the state of the economy, to calculate growth rate and other indicator, as reported by Scroll.

Source: dna December 25, 2020 12:11 UTC