India’s FY24 GDP growth could be ‘very close’ to 8% – RBI chief
A man walks along a wall overlooking the central Mumbai’s financial district skyline, India, March 9, 2017. REUTERS/Danish Siddiqui/File Photo
MUMBAI (Reuters) – The Indian economy’s GDP growth in the current fiscal year ending March could be “very close” to 8%, Reserve Bank of India governor Shaktikanta Das said in an interview with television channel ET Now on Wednesday.
India’s economy grew at its fastest pace in one-and-a-half years in the final three months of 2023, led by strong manufacturing and construction activity. Asia’s third largest economy grew 8.4% in the October-December quarter, much faster than the 6.6% estimated by economists polled by Reuters.
On Feb. 29, India’s government revised its growth estimate for the current fiscal year to March 31 to 7.6% from 7.3%.
