RBI Bulletin - January 2022 - ആർബിഐ - Reserve Bank of India
RBI Bulletin - January 2022
The Reserve Bank of India today released the January 2022 issue of its monthly Bulletin. The Bulletin includes two speeches, four articles and current statistics. The four articles are: I. State of the Economy; II. Indian Agriculture: Achievements and Challenges; III. The Impact of Covid-19 Pandemic on Consumer Confidence in India; and IV. Changing Dynamics of Foreign Direct Investment in India. I. State of the Economy As the world stepped into the new year, the path of the recovery in India as in the rest of the global economy encountered headwinds from a rapid surge in infections due to Omicron. Nonetheless, amidst upbeat consumer and business confidence and an uptick in bank credit, aggregate demand conditions stay resilient, while on the supply front, rabi sowing has exceeded last year’s level and the normal acreage. Manufacturing and several categories of services remain in expansion. More recently, expectations that Omicron may turn out to be more of a flash flood than a wave have brightened near-term prospects. II. Indian Agriculture: Achievements and Challenges The article highlights significant achievements of the agriculture sector and assesses that new emerging challenges warrant a second green revolution along with next-generation reforms. Highlights:
III. The Impact of Covid-19 Pandemic on Consumer Confidence in India Most countries witnessed a gradual uptick in consumer confidence after the major slump encountered when the Covid-19 pandemic first hit their shores, though it is yet to return to pre-pandemic levels in most countries. This article analyses the impact of the pandemic on consumer confidence in India, as gauged by the Reserve Bank’s Consumer Confidence Survey (CCS). Highlights:
IV. Changing Dynamics of Foreign Direct Investment in India Foreign Direct Investment (FDI) plays a significant role in economic development of any country and supports economic growth by meeting the investment requirements of a capital deficit economy by bridging its saving-investment gap. The developed and emerging economies have made significant efforts for augmenting the information base on FDI, where valuation is a critical component. In India, major advancements have been made in this regard with the implementation of the Co-Ordinated Direct Investment Survey (CDIS) of the International Monetary Fund (IMF) and compilation of Foreign Affiliate Trade Statistics (FATS). Highlights:
(Yogesh Dayal) Press Release: 2021-2022/1558 |