LABELLING RUPEE BY CHERRY-PICKING TIME PERIODS FOR ANALYSIS, INAPPROPRIATE: DAS

"The Indian economy presents a picture of confidence, positivity and optimism. Recent growth outturns have surprised most forecasts on the upside," the RBI Governor noted

- NIVEDITA MUKHERJEE

Reserve Bank of India Governor Shaktikanta Das expects the Indian economy to grow 7 per cent in fiscal 2024-25 on the basis of the strong momentum of economic activity seen in India and sustain a 7 per cent and above rate for four consecutive years starting from FY 2021-22. Even as the Central Bank makes a comprehensive assessment for the forthcoming February 2024 monetary policy, India’s real GDP is projected to grow by 7.3 per cent during 2023-24 according to the latest release by the National Statistical Office, Das said on Wednesday at an industry event in the World Economic Forum (WEF) Annual Meeting 2024 in Davos, expressing optimism over India remaining the fastest growing major economy with strong domestic demand conditions.