Shaktikanta Das said RBI is optimistic about 6.5 per cent real GDP growth rate in FY2024
Mumbai:
Reserve Bank of India Governor Shaktikanta Das on Friday said the decline in headline inflation to 4.7 per cent during April is “very satisfactory”.
The governor said the release of official data on Friday provided confidence that “monetary policy is on the right track”.
However, he declined to comment on whether the release of the numbers would lead to the RBI becoming less aggressive or changing the policy stance, saying all this would become clear on the morning of June 8, when the next policy review is scheduled. .
Speaking at the launch of G-20 sherpa Amitabh Kant’s book ‘Made in India’, Das said the RBI is “very optimistic and very confident” about the country’s 6.5 per cent real GDP growth rate in FY24, though other analysts are not. are not. bayonet.
Acknowledging that there is a statistical base effect, Das said one must talk to any entrepreneur to understand the high sales growth momentum every month.
Das said private investment is also on the rise and steel, cement and petrochemicals are listed among the sectors where it is being seen.
Das said if India grows at 6.5 per cent, it will contribute 15 per cent to the world’s growth this year. Das said this is no mean feat.
Das also said that the expenditure on research and development has to be increased both in the private sector as well as in the public sector.
“We also need to keep up with the reforms and ensure that we have access to the best technology,” Das said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)