INSUBCONTINENT EXCLUSIVE:
The Reserve Bank of India (RBI) has boosted its growth forecast for the financial year 2023-24.It anticipates a 7% increase, marking an
to robust domestic demand, significant investment, and substantial government spending.He shared these insights during a statement after the
These figures reflect a positive revision from earlier forecasts of 6% and 5.7%, respectively.Despite these encouraging signs, the RBI has
(Photo Internet reproduction)This move marks the fifth consecutive time the rate remains unchanged.The MPC unanimously agreed on this
However, Das cautions that inflation could rise in the near future, driven by potential increases in food prices.In response to global
year.This led to six consecutive rate hikes
The cumulative increase totaled 250 basis points.In April this year, the RBI paused these hikes
Economists support this decision, predicting a stable policy for now.They anticipate potential easing from August 2024 as inflation
importance of steady monetary policy and clear communication in these turbulent times.Concluding with a quote from Mahatma Gandhi, Das
