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Das: Positives outweigh negatives in economy
Business Standard
|October 29, 2024
Says recent action against NBFCs in the best interest of customers
Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned that commentary surrounding festival season demand presents mixed signals regarding India's economic growth. However, he said the positives significantly outweigh the negatives, and the Indian economy is doing reasonably well.
"The so-called slowdown in certain areas is outweighed by the kind of positives that we are getting. The agriculture sector is doing exceedingly well this year, thanks to a very good monsoon. The expectation for the rabi crop is very good; rural demand has now revived," Das said in an interview with CNBC TV18 in Washington DC.
Das said several high-speed indicators were exhibiting robust growth, indicating that the economy was performing reasonably well.
This story is from the October 29, 2024 edition of Business Standard.
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