Shaktikanta Das reiterates growth forecast in new FM's first FSDC meet

Das also said the Bimal Jalan panel, tasked with defining guidelines for transferring the central bank's excess capital to the government, will submit its report by the end of the month

Reserve Bank of India Governor Shaktikanta Das on Wednesday reiterated the central bank’s gross domestic product growth forecast of 7 per cent for India in 2019-20.
 
“On the outlook for India, for the current year we have projected 7 per cent. We have also flagged the other issues in the Monetary Policy Committee resolution, and in the statement, which I made after the MPC. Beyond that, I have nothing to add,” said Das, when asked about India’s growth projections. Das was speaking to journalists outside the Finance Ministry after attending a meeting of the Financial Stability Development Council (FSDC),