Resilient growth offers space to focus on inflation to ensure its durable descent says RBI Governor

The Indian economy rebounded from the severe contraction imposed by the COVID-19 pandemic and averaged a real GDP growth of above 8 per cent during the last three financial years, according to Shaktikanta Das, Governor, Reserve Bank of India. Das noted in a speech that for the current year (2024-25), the Reserve Bank of India has projected real GDP growth of 7.2 per cent, with risks evenly balanced around this forecast. Improving domestic demand, lower input costs and a supportive policy environment, are spurring manufacturing activity.