Reserve Bank of India (RBI) Governor Shaktikanta Das with Deputy Governors Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao and T. Rabi Shankar (File Photo: PTI)
On Thursday, in his post-Budget monetary policy statement, the governor of Reserve Bank of India (RBI) projected for the next financial year (FY25), real GDP growth at 7.0 per cent and the consumer price inflation at 4.5 per cent. The growth projections appear somewhat optimistic given the prospects of export growth, domestic consumption and private investment.
The governor said that India’s potential growth is propelled by structural drivers like improving physical infrastructure, development of world class digital and payments technology, ease of doing business, enhanced labour force participation and improved quality of fiscal spending. While few would contest that statement, the
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First Published: Feb 11 2024 | 11:17 PM IST