RBI optimistic about 9.5% GDP growth for current financial year

RBI optimistic about 9.5% GDP growth for current financial year

RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present.

Mumbai, September 9

RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present.

He said the impact of the second wave of Covid has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis.

Speaking at an event here, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6% inflation band set by the government for it. — PTI

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