Updated: June 02, 2023, 12:14 AM IST
team mint
Dive into the insights provided by the Reserve Bank… MoreDive into the insights provided by the Reserve Bank of India’s (RBI) Annual Report FY23 in this video. Despite global turmoil in 2022-23, India demonstrated an impressive economic resilience, registering a growth rate of 7%, outpacing major world economies. The recovery was marked by the normalization of domestic supply chains and a rebound in contact-intensive sectors. The RBI report also highlighted the challenges that the global economy is facing, including high inflation, geo-economic fragmentation and technological disruption. Furthermore, it highlights climate change, cyber security, fintech disruption, and cryptocurrencies as potential long-term challenges. Keeping its focus on the Indian economy, the video explores factors such as sound macroeconomic policies, soft commodity prices, a strong financial sector and a healthy corporate sector that are set to sustain India’s growth momentum in 2023-24 . We also take a closer look at the volatility of foreign portfolio investment flows, measures taken to control inflation, circulation of currency notes and the future of digital currency in India amid global uncertainties. It includes discussion on Central Bank Digital Currency (CBDC), Digital Rupee launched by RBI in 2022 and its upcoming expansion plans. Join us as we break down the key takeaways from the RBI’s annual report and their implications for India’s economic trajectory. For more economic information and updates, don’t forget to subscribe to our channel.