News > Economy regaining strength from Q2FY22, but Omicron a threat to growth: RBI

Economy regaining strength from Q2FY22, but Omicron a threat to growth: RBI

Business Standard | 29/12/2021 08:09 PM | Click to read full article

Though the economy has steadily gained momentum and remained resilient since the second quarter of the current fiscal, the Omicron variant of coronavirus remains the major challenge along with rising inflation pressures, says the Reserve Bank in its second financial stability report.

A stronger and sustainable recovery hinges on the revival of private investment and shoring up private consumption, which unfortunately still remain below their pre-pandemic levels, he notes.