The economy of the country is recovering quickly and with speed than expected, says the global forecasting firm Oxford Economics.
The forecasting firm’s report says that the inflation is expected to average above 6 per cent in the fourth quarter of the current fiscal and the RBI may hold policy rates in December monetary policy review meeting.
It means that the consumer inflation will witness peak likely in Q4 as one can witness rising inflation just like pre-coronavirus era in October 2020.
Isn’t it good news if we find that Indian economy recovers its losses that have happened due to the lockdown and the pandemic in the last nine months?
We hope by 2021 India stands back on its feet by giving more jobs in new sectors and more investors flood in the country to encourage entrepreneurship and self-employment.
By Sahana Iyer
