Is the Indian economy to the worst!?
Indian Economy: Despite three waves of Corona, there is a sharp recovery in the indian economy, US Treasury report claims
Referring to the RBI's efforts in the report, the Treasury said the reserve bank of india kept its key policy rates unchanged at four percent from May 2020, but in january 2021 designed to support growth during the early part of the coronavirus pandemic.In its semi-annual report, the Treasury said that although the second wave in india put huge pressure on growth until mid-2021, delaying the economic recovery, it is now on the right track.
The monitoring list includes China, Japan, South Korea, Germany, Italy, india, Malaysia, Singapore, Thailand, taiwan, Vietnam, and Mexico. Regarding this, it was said by the Treasury Department that except for taiwan and Vietnam, all the countries were on the monitoring list in the report of december 2021. Explaining her decision to keep india on the list, Secretary of the Treasury Janet L Yellen said that india will remain on the watch list for two consecutive reports until it meets no less than two criteria.