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Economy may recover at slow pace after unlocking, support could be needed: Sanjeev Sanyal

Sanyal has said that it will be important to assess how much recovery will be sustained, as many more states look to unlock.

June 18, 2021 / 03:53 PM IST

Principal Economic Advisor Sanjeev Sanyal has said there is a possibility that the economy doesn't gather pace after unlocking.

In an interview with CNBC-TV18, the principal economic advisor further said that due to unlocking it is possible that the economy could recover, but at a slower pace. He also opined that in the event that recovery is slow, there would be a need to provide support.

Sanyal also added that it will be important to assess how much recovery will be sustained, as many more states look to unlock.

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"If exports are strong and consumption comes back, we will need to think about inflation," he was quoted as saying.

On bonds, Sanyal said that there should be possibility for a foreign investor to buy and sell Indian bonds. He added that in this financial year India should be able to complete the bond inclusion.

 

 
Moneycontrol News
first published: Jun 18, 2021 03:51 pm

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