India 2020 Government reports India

Time for RBI to start unwinding its easy-money pandemic policy

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₹25 trillion between April 2020 and March 2022. Nevertheless, it might be time for RBI to start going slow on its accommodative monetary policy.

The government has had to borrow more due to a massive fall in tax collections. But things seem to be changing. The ministry of finance in a press release on 24 September pointed out that gross tax collections for the current financial year stood at ₹6.46 trillion, which was around 16.8% more than during the same period in 2019-20.

This is primarily due to large and medium listed corporates having made massive profits by driving down costs. GST collections have also improved.

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