Reserve Bank Governor Shaktikanta Das said on Saturday that signs of a return to normalcy of the Indian economy have started showing. Activities have increased after the various restrictions imposed under lockdown were relaxed. However, he said that it is still uncertain when the supply chain will start fully. How long will it take for the demand situation to become normal and how long this epidemic leaves an impact on our potential growth remains to be seen.

The Reserve Bank Governor while addressing the 7th SBI Banking and Economics Conclave said that development is the first priority for the Reserve Bank but at the same time financial stability is equally important. “Since the relaxation of the sanctions, there are signs of the Indian economy returning to normalcy,” he said. The government has already announced all measures related to the specific target and a wide-scale reform, which will help the country’s potential growth. “He said that whatever measures have been taken in the field of monetary, financial, regulatory and structural reforms will help in creating the necessary conditions for rapid improvement in the economy with minimal disruption in the near future. The need of the hour is to restore confidence, maintain financial stability, regain economic growth and move forward strongly.