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GDP Growth Close To 8%: RBI Guv
The Morning Standard
|March 07, 2024
Shaktikanta Das says the bank's actions are determined to maintain financial stability
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THE Reserve Bank of India Governor Shaktikanta Das said that the economic growth for the current fiscal 2023-24 (FY24) is likely to touch 8%.
In an interview to a TV channel on Wednesday, the governor said the current RBI growth estimates put GDP growth at 7.6%, but robust momentum of economic activity and high-frequency growth indicators point that there is quite a good chance that GDP growth to be very close to 8%, he said.
"(Based on data points), I would not hesitate to say that there is every possibility that 7.6 % growth for the current year has been exceeded."
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