20-April-2024
Economy News
 
India to defy slowdown, to maintain growth pace: RBI
22-Mar-2023

Notwithstanding the global slowdown and the bank collapses in the US, a Reserve Bank of India (RBI) article on Tuesday took the sanguine view that Indian economy might maintain the current year’s pace of expansion in the next financial year. Referring to the forecasts between 6-6.5% for the country’s GDP growth for 2023-24, the authors said the real GDP can go up from Rs 159.7 trillion in 2022-23 to not just Rs 169.7 trillion in 2023-24, as is being projected, but to Rs 170.9 trillion, if Budget proposals to boost consumption and investments are implemented.

News Source:- https://www.financialexpress.com/economy/india-to-defy-slowdown-to-maintain-growth-pace-rbi/3018055/