New Delhi: The second wave of corona epidemic has led to a decline in demand in the country. RBI said the second wave of the epidemic has led to a decline in demand. RBI said in its monthly bulletin that the recurrence of corona cases has not greatly reduced economic activity in the first quarter of the current fiscal, but it has certainly suffered.
According to RBI, the second wave of corona infection has created problems for the whole world, including India, but efforts are on on a war footing to prevent it. According to the monthly bulletin, economic indicators have weakened in April and May. The second wave of corona has had the biggest impact on demand, with mobility, spending and employment declining while inventory has increased. This means that demand is not increasing. However, it has had little impact on supply.
RBI said economic activity has slowed down, but the impact of the second wave of corona is less than the first of corona's impact last year. NBFCs business has suffered a lot due to disruption of economic activity due to corona. According to rbi, the government has taken measures to increase liquidity to deal with the difficulties being faced by corona. This is indicated by the increase in debenture issues.
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