News: Reserve Bank of India(RBI) has released its Annual Report 2019-20. Facts: Balance sheet of RBI: The balance sheet of RBI has increased by 30%, due to increase in domestic and foreign investments, loans, advances and in gold. Economic Growth: The economy is expected to contract and is expected to take some time to regain… Continue reading RBI Annual Report 2019-20
Tag: RBI ANNUAL REPORT
RBI says lack of domestic demand affecting ‘animal spirits’ of economy
According to the annual report of the RBI,the lack of domestic demand is holding back the animal spirits in the economy. Animal spirit is a term used by the British economist,John Maynard Keynes to describe how people arrive at financial decisions including buying and selling securities in times of economic stress or uncertainty. The report… Continue reading RBI says lack of domestic demand affecting ‘animal spirits’ of economy
