Strong Strengthening of the Indian Economy: Reserve Bank of India Maintains 7.2% Growth Forecast
The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, confirmed that the growth forecast for India's economy for the 2024 fiscal year remains at 7.2%. This statement comes amid positive economic data and controlled inflation currently being within manageable limits. Das emphasized that price stability is a core priority for the central bank, which must be ensured for achieving sustainable economic growth in the country.
During a press conference in Mumbai, Das noted that the Consumer Price Index (CPI) in the country remains within permissible limits, allowing the RBI to avoid abrupt changes in monetary policy. He underscored that both the essential components of inflation and factors affecting supply and demand in the domestic market are under control.
The Governor also highlighted the importance of sustainable growth in investment indicators, as it is a necessary condition for strengthening the overall economic environment. Das expressed confidence that the structure of the economy and external factors, such as global markets, would also contribute to positive growth dynamics.
The 7.2% forecast reaffirms the central bank's confidence that India can maintain a steady growth pace even in the face of potential global instability. The RBI continues to monitor the situation and is ready to act accordingly to ensure necessary liquidity and support the financial system of the country.
Thus, by remaining focused on price stability and investment growth, the Reserve Bank of India demonstrates its determination to ensure sustainable economic development in the long term.
This has become an important signal for investors and economists who are watching the development of the Indian economy and its ability to cope with external challenges.
