DelhiDesk RBI Governor Shaktikanta Das has stated that India’s GDP growth could be more than 7% for the financial year 2022-23, with a possibility that the growth for the last financial year may also be higher. Das attributed the positive outlook to better performance in the agriculture and services sectors, an increase in capex and infra expenditure, and evidence of recovery in the steel and cement sectors. However, he cautioned that there is a risk of downside, and the RBI expects the next print of retail inflation to be below 4.7%.
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Here is the news bullets sorted by DelhiBreakings.com team.
– RBI Governor predicts GDP growth of over 7% for FY 2022-23
– Possibility of higher GDP growth for last financial year
– High frequency indicators show sustained momentum in last quarter
– Agriculture and services sectors perform well, increase in capex and infra expenditure
– Visible signs of recovery in steel and cement sectors, revival of private investment
– Manufacturing sector capacity utilization at 75%
– RBI expects next retail inflation print to be below 4.7%
– RBI may pause in upcoming monetary policy meetings
– India should register growth rate of around 6.5% in current financial year
– RBI warns war against inflation not over yet
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