[ad_1]
India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor.
His comments come shortly after data showed India’s gross domestic product slowed to 6.7% in the second quarter, down from 8.2% when compared to the same period last year. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later.
Speaking to CNBC’s Tanvir Gill Friday in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das said the country’s expected growth rate over the next few years stood at 7.5%, “with upside possibilities.”
[ad_2]
Source link