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    Nation

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    December 2, 2020

    RBI Governor lauds Chhattisgarh for registering robust economic growth despite nationwide lockdown : Appreciates fast pace of work in agricultural and allied activities

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    iSpeech

    With the government’s efforts to prevent the spread of coronavirus getting praises from all quarters, even the Reserve Bank of has lauded the state for registering a robust growth driven by uninterrupted agricultural and allied activities during lockdown.
    Governor Shaktikanta Das in his statement today said Chhattisgarh is leading in sowing of kharif crops and other agricultural activities despite adverse conditions during the lockdown.
    Describing the increased sowing of paddy in Chhattisgarh and other states as “silvers of brightness amidst the encircling gloom”, the RBI governor said that the efforts in increasing food grain stocks will help the country’s economy to stage a sharp V-shaped recovery in 2021-22 as projected by the International Monetary Fund (IMF).
    Das took note of the continuing resilience of agriculture and allied activities on the back of all-time highs in the production of food grains, with huge buffer stocks of rice and wheat far in excess of the buffer norms.
    He said, over the last three weeks, there have been a few data releases on domestic developments (including on factory output), but they are too disjointed to allow a comprehensive assessment of the state of the economy.
    The RBI Governor added that by April 10, pre-monsoon kharif sowing had begun strongly, with acreage of paddy up by 37 per cent in comparison with the last season.
    He further maintained that states such as West Bengal, Telangana, Odisha, Assam, Karnataka and Chhattisgarh are leading in sowing activity despite the lockdown.

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