India’s RBI Sees No Threat to Growth From Virus Wave Just Yet

India’s central bank doesn’t see any need just yet to cut the economy’s growth forecast for the next fiscal year, even as a new wave of coronavirus infections sweeps the world’s second most-populous nation.

“At this point of time one does not foresee a lockdown like last year,” Reserve Bank of India Governor Shaktikanta Das said at the seventh edition of the India Economic Conclave organized by the Times Group. “Notwithstanding some new strains, I would feel that the revival of economic activity which has happened should continue unabated going forward.”