RBI Expressed The Estimate Of 7.2 Percent Growth Rate

RBI expressed the estimate of a 7.2 percent growth rate. A 7.2% growth rate is estimated in the financial year 2023.

The Reserve Bank of India (RBI) announced India’s projected growth rate on Wednesday. According to RBI, India’s GDP growth rate will grow at 7.2 percent in the current financial year 2022-23.

RBI said that the demand coming from urban areas has increased in the current financial year. While the demand from rural areas of India has also improved.

Ukraine-Russia war concern.

During the third monetary policy quarter meeting of the current fiscal year 2022, RBI Governor Shaktikanta Das said that the Indian economy remains resilient.

The Reserve Bank of India (RBI) continues to support India’s growth rate hike.

RBI estimates that India’s growth rate is expected to pick up to 16.2 percent in the first quarter of the current fiscal, which will come down to 4 percent by the fourth quarter.

RBI Governor Shaktikanta Das has cautioned about the risk of the ongoing Russo-Ukraine war.

RBI expressed the estimate of a 7.2 percent growth rate: RBI reduced the growth rate estimate.

The Reserve Bank of India (RBI) had earlier in April slashed the GDP growth forecast for 2022-23 to 7.2 percent from its earlier growth forecast of 7.8 percent.

The World Bank on Tuesday slashed India’s economic growth forecast to 7.5 percent for the current financial year due to rising inflation, supply chain problems, and geopolitical tensions.

For the second time, the World Bank changed the rate of disorder in India.

This is the second time that the World Bank has changed its GDP growth forecast for India in the current fiscal year 2022-23 (April 2022 to March 2023).

Earlier it reduced the forecast for April from 8.7 percent to 8 percent and now it is estimated at 7.5 percent.

Gold Price on 7 June: Gold becomes cheaper, know how much the price has decreased; Silver also became cheaper by Rs 964 per kg.

On Tuesday, there was a sharp fall in the prices of gold and silver. According to HDFC Securities, on June 7, gold prices fell by Rs 205 to Rs 50,733 per 10 grams in the national capital Delhi.

In the last trading session, it closed at Rs 50,938 per 10 grams. On Tuesday, silver also declined by Rs 964 to Rs 61,555 per kg. In the previous session, silver had closed at Rs 62,519 per kg.