Mumbai: India’s GDP growth is robust on the back of solid investment demand and is likely to grow at 7 per cent in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report.
The RBI report mentioned that the MSPs for both kharif and rabi seasons 2023-24 ensured minimum return of 50 pc over cost of production for all crops.
Consumption demand especially in rural areas to spur as headline inflation, eases towards targeted level, the RBI Annual Report mentioned.
External sector’s strength, forex reserves buffer will insulate domestic economic activity from global spillovers, said RBI.
The RBI further mentioned that geopolitical tensions, global commodity price movements, erratic weather developments pose downside risks to growth outlook.
The Reserve Bank of India (RBI) in its annual report stated that the GDP growth would be robust on back of healthy balance sheets of banks, corporates. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
