RBI’s First Policy Of The Year Forecasts Better Days For Indian Economy. Listen To The RBI Governor

Even as the global economy stumbles over sticky inflation, high public debt and high interest rates, the Indian economy looks to be in a sweeter spot. According to RBI Governor Shaktikanta Das, the Indian economy grew at 7.6% in 2023-24, its third straight year of 7% plus GDP growth. This year the economy is expected to grow at 7% with the manufacturing sector showing sustained expansion in February and March and well as the services sector witnessing overall buoyancy. A normal monsoon also means recovery in rural demand. The external sector is also looking up which could mean a recovery for Indian exporters.