The impact of pandemics could be a lot more asymmetric by affecting the vulnerable segments more. (Photo: PTI/File)
Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said the Covid-19 pandemic has severely dented inclusivity across countries. Delivering his keynote address at an All-India Management Association (Aima) event, Das called for a more inclusive and sustainable growth.
He said the pandemic has affected the poor and vulnerable more, especially in emerging and developing economies. “Daily wage earners, service and informal sector workers were badly hit. Their employment and income opportunities were curtailed. The lasting damage inflicted by the pandemic on these segments is of serious concern for inclusive growth. In the medium to long-run, both efficiency and equity will greatly matter for sustainable growth and macroeconomic performance.”