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Indian Economy: There are continuous reports from international rating agencies and brokerage firms regarding India’s economy, in which good estimates are being given about India’s economic condition. There are similar recommendations and analysis from the country’s central bank, the Reserve Bank of India, in which it is estimated that India’s economic situation is estimated to be stable and solid, paving the way for a balanced economic growth rate. Will continue to receive from. Despite global fluctuations, India’s economy will not be affected.
Strong signs for Indian economy- Shaktikanta Das
RBI Governor Shaktikanta Das said that the Indian economy and financial sector are fully prepared to handle any impact arising from global events. He said that the country’s external sector is also strong. The Governor of the Reserve Bank of India was present at the inauguration program of Kochi International Foundation on Saturday 16 November.
Country’s current account deficit also within manageable limits – RBI Governor
Shaktikanta Das said, “Our current account deficit remains within the manageable limits at 1.1 percent whereas earlier in 2010 and 2011 the current account deficit was between six to seven percent.”
The picture of growth, stability and strength in the Indian economy is important.
Addressing the inaugural event of the Kochi International Foundation, RBI Governor Shaktikanta Das said that “the growth of the Indian economy today presents a picture of stability and strength.” He also pointed out that India has the world’s largest reserves of about US$675 billion. Have foreign exchange reserves.
What did the RBI Governor say on inflation?
RBI Governor said on inflation, despite fluctuations from time to time, it is expected to remain moderate. Keep in mind that due to food inflation, India’s inflation rate has increased from 5.5 percent in September to 6.2 percent in October.
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