(BS)
India has a growth potential of at least 7.5 per cent, Reserve Bank of India Governor Shaktikanta Das said on Friday at an international forum in Singapore. This projection is slightly above the Reserve Bank of India’s estimate of 7.2 per cent growth for the current financial year, FY25.
During his address at the Bretton Woods Committee’s annual Future of Finance Forum, Das said: “I think India’s potential growth today… is about seven-and-a-half-per-cent-plus.” The forum took place in Singapore in collaboration with Swiss bank UBS, the Reserve Bank of India said.
“This year, we expect at the end of the year to record 7.2 per cent,” Das said. In the April-June quarter, India experienced a slower growth rate of 6.7 per cent year-on-year. This was attributed to decreased government spending due to the Lok Sabha elections. The rate fell short of the Reserve Bank of India’s projection of 7.1 per cent.
