Summary:

Shaktikanta Das, Governor of the Reserve Bank of India (RBI), predicted that India’s growth potential will approach 7.5%, surpassing the RBI’s forecast of 7.2% for FY25. At the Bretton Woods Committee's Future of Finance Forum, Das acknowledged a slowdown to 6.7% growth in April-June due to reduced government spending during the elections but emphasized robust macroeconomic fundamentals that support balanced growth forecasts.

Mr. Das highlighted that inflation has decreased from 7.8% in April 2022 toward the RBI’s target of 4%, with projections of 4.5% in FY25 and 4.1% in FY26. While service exports have grown, goods exports are facing sluggish foreign demand. He also noted progress in fiscal consolidation, public debt reduction, and improved corporate performance.

Source: IBEF 

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