The Indian economy is expected to grow around 7% in the next fiscal year, with inflation likely to fall further, RBI Governor Shaktikanta Das said on Wednesday.
He also praised the government's recent structural reforms, claiming they have improved the Indian economy's medium and long-term development potential. He stated that, despite a hard global macroeconomic climate, India demonstrates development and stability.
Speaking at a CII panel on 'High growth, low risk: The India tale' today at the World Economic Forum Annual Meeting, Das said recent global economic data has been reassuring, with inflation falling but growth remaining low.
"Chances of a soft landing have increased, and markets have responded positively. However, geopolitical and climate threats remain a source of concern," he warned.
The RBI Governor stated that India's real GDP is anticipated to rise by 7.2% this year.
