India in a virtuous cycle of growth & stability: RBI DG

THE INDIAN ECONOMY, with its macroeconomic stability, policy consistency, and a large and diversified demand and production base, is assured of a continuously improving economic trajectory, Reserve Bank of India Deputy Governor Poonam Gupta said on Tuesday, asserting that high, stable and accelerating growth has become the hallmark of India’s economic journey.

- FE BUREAU

Delivering the 14th foundation day lecture at the Centre for Development Studies, Gupta said India’s growth over the past four-and-a-half decades reflects a pattern of steady acceleration without prolonged stagnation. “Economic growth has accelerated slowly but surely,’she said, noting that real GDP growth averaged 5.7% in the 1980s, rose to 5.8% in the 1990s, improved to 6.3% in the 2000s and 6.6% in the 2010s, and aver