New Delhi: Indian economy should record a growth rate of 7 per cent in the next fiscal and inflation is likely to ease further, Reserve Bank of India (RBI) Governor Shaktikanta Das has said. He also credited the government for structural reforms undertaken in recent years, saying they have boosted the medium and long-term growth prospects of the Indian economy.
Speaking at a CII session on ‘High growth, low risk: The India story’ here during the World Economic Forum Annual Meeting, Das said recent information on the global economic front has been reassuring with inflation falling, though growth remains low.
“Chances of soft landing have improved and markets have reacted positively. However, geopolitical risks and climate risks remain matters of concern,” he said. The RBI Governor said the real GDP growth in India is expected at 7.2 per cent this year.
Das said he expects average CPI inflation next year to be 4.5 per cent and RBI is committed and confident of achieving the 4 per cent target at the earliest. The RBI has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.
