India anticipated to be the quickest rising economic system in FY23: RBI Governor – The Financial Instances Video

Whereas asserting the August bi-monthly financial coverage on Friday, RBI Governor Shaktikanta Das mentioned, “With sturdy and resilient fundamentals, India anticipated to be the quickest rising economic system in FY23. Its present account deficit will stay in comfy limits. Exterior debt-to-GDP fell from 21.2 per cent in March 2021 to 19.9 per cent in March 2022.” He added that the monetary sector stays well-capitalised and sound. India’s foreign exchange reserves present insurance coverage in opposition to international spillovers. “Our umbrella stays sturdy.”