Second wave of COVID-19 took grievous toll on India: RBI Governor
The Reserve Bank of India (RBI) has released the bi-annual Financial Stability Report in which Governor Shaktikanta Das wrote that the second wave of coronavirus pandemic took a "grievous toll" on India. "The recovery that had commenced in the second half of 2020-21 was dented in April-May 2021, but...economic activity has started to look up in late May," Das said.