We didn’t see it coming: RBI on 5% Q1 growth

New Delhi: RBI Governor Shaktikanta Das on Monday termed the low GDP growth of 5% as a “surprise” but expressed confidence that the economy will look up with a host of measures taken by the government. He further said the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months. The RBI slashed benchmark interest rate four times consecutively since January 2019. PTI