India set to re-emerge as among fastest-growing economies, says RBI

RBI report is bullish on India prospects despite uncertain global conditions amid risk of faster policy normalisation by central banks leading to tighter financial conditions, stifled growth impulses

The aggregate demand in the economy is improving and overall monetary and credit conditions are conducive for a durable economic recovery to take root, while the quality of the government expenditure has seen an improvement in the second half, said the Reserve Bank of India (RBI) in its 'state of the economy' report released on Monday.  

“Supported by the decadal low-interest rates, softening inflation and a modest current account surplus, the Indian economy is poised to regain the ground lost to the pandemic and re-emerge as among the fastest growing countries in the world," said the report, published as a