Indian economy may take 12 years to recover from COVID-19 damage: RBI

The global pandemic Corona virus shook many countries around the world. Many things has been devastated by the outbreak of the pandemic. Many big changes have taken place in the country and the world. Many countries are still battling badly with this virus. While India is fighting a fierce battle with Covid-19, this virus has badly affected the country's economy. 

In its report on 'Monetary and Finance for 2021-22', RBI said, "The pandemic is a watershed moment and the ongoing structural changes catalyzed by the pandemic could potentially change the growth trajectory in the medium term."

The government's continued emphasis on capital expenditure, promotion of digitization and increasing opportunities for new investments in sectors such as e-commerce, start-ups, renewables and supply chain logistics, has led to a slowdown in the informal and formal shutdown of the economy, the report said.