India’s growth potential, according to RBI chief Shaktikanta Das, is at least 7.5 per cent, slightly higher than the bank’s forecast of 7.2 per cent for 2024. Speaking at the Future of Finance Forum in Singapore, Das highlighted the country’s potential growth, citing a slower first-quarter growth due to reduced government expenditure during the national elections. Despite a below-par performance in merchandise exports, Das noted an uptick in services exports. The event, organized in collaboration with UBS, provided a platform for discussions on global finance trends. Das expressed optimism about India’s economic trajectory, foreseeing a growth rate of 7.2 per cent by the end of the year. With a focus on enhancing export competitiveness and sustaining economic momentum, India aims to leverage its strengths in the global market. The forum served as a gathering for financial experts to exchange insights and strategies for navigating the evolving financial landscape. This positive outlook on India’s growth prospects underscores the country’s resilience and potential in the global economy.
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India’s growth potential exceeds 7.5%: RBI Governor Das
