India Can Certainly Achieve 7% Plus Growth Rate: RBI Governor

The RBI in its bi-monthly monetary policy has projected 6.7 per cent growth for FY26, up from 6.4 per cent estimated for the current fiscal

- OUR CORRESPONDENT

MUMBAI: Reserve Bank Governor Sanjay Malhotra on Friday said India can certainly achieve over 7 per cent growth rate and the nation should aspire for that.

The Reserve Bank of India (RBI) in its bi-monthly monetary policy has projected 6.7 per cent growth for financial year 2025-26, up from 6.4 per cent estimated for the current fiscal.

"I would like to stick my neck out and say that, certainly India can achieve a 7 per cent and plus growth rate. We should certainly aspire for that," he said when asked whether there was a possibility of the Indian economy growing at a faster pace.

Commenting on the Budget proposals of Finance Minister Nirmala Sitharaman, he said the income tax relief will not fuel inflation but would support growth.