RBI Governor Shaktikanta Das underscored the necessity of addressing the 'last mile in disinflation' to preserve monetary policy credibility. He...
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Maroc - Times of India - Business - 05/Sep 08:09
Rural demand and private consumption picked up, India on sustainable growth path: Shaktikanta Das
RBI Governor Shaktikanta Das observed a resurgence in rural demand as indicated by recent GDP figures and FMCG data. Private consumption grew by 7.4%, accounting for 56% of GDP, while investment rose by 7.5%, making up 35% of GDP. Credit to agriculture and industries also experienced notable growth.
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