India's growth story intact, says RBI Guv

"The Reserve Bank's projection of GDP growth at 7.2 per cent for 2024-25 does not appear out of place'

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Reserve Bank Governor Shaktikanta Das on Thursday said the Indian growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets.

The governor also asked financial institutions to create tailored products to suit businesses promoted by women and MSMEs without diluting underwriting standards. In his inaugural speech at the annual FIBAC 2024 Conference organised jointly by FICCI and IBA, Das spoke on issues relating to strengthening the financial sector and expectations from them.

The governor said that the Indian economy is forging ahead with macroeconomic and financial stability, and a favourable growth-inflation balance.