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INDIA: RBI's Das Says India Moving Towards 8% Growth Rate in Sustainable Manner

INDIA

Addressing a meeting of the Bombay Chamber of Commerce & Industry in Mumbai, RBI Governor Das said that India is at the threshold of a major structural shift in its growth trajectory as it moves towards 8% GDP growth in a sustained manner. Below comments via Bloomberg:

  • Stable inflation is necessary for stable growth
  • India moving towards 8% growth rate on sustained basis
  • RBI confident about 7.2% growth in the current fiscal year
  • Currently the growth momentum is very strong
  • Clear evidence of private sector capex picking up
  • Focus is on navigating inflation to 4% target
  • One single weather event could push inflation back to 5%

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