Confident of 7.2% growth this year; India at threshold of major structural shift, says RBI Governor Shaktikanta Das
Shaktikanta Das while addressing the 188th AGM of Bombay Chamber of Commerce & Industry in Mumbai informed that India is at the threshold of a major structural shift in its growth trajectory as it moves towards 8% GDP in a sustained manner.
«India is at the threshold of a major structural shift in its growth trajectory moving towards 8% GDP growth in a sustained manner,» said the RBI governor in Mumbai.
Speaking on RBI's forecast of 7.2% growth, the governor flagged concerns such as weather, geo political conflicts, fragmentation in trade and other challenges like heightened financial sector volatility that could hurt the forecast but remains confident of achieving the predicted growth.
Further commenting on rural consumption, Das remained confident of growth momentum to be strong as rural consumption is picking up.
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