RBI Deputy Governor Poonam Gupta: India Could Have Grown 8% Without External Shocks
· Business · Times of India, Economic Times
Reserve Bank of India deputy governor Poonam Gupta stated India would have achieved 8% growth if not for external shocks during a Business Standard-organised fireside chat in Mumbai. She highlighted improvements in digital infrastructure, public services, manufacturing and governance as strengthening the economy's resilience. Gupta noted the current growth rate stands at around 7% and aims to reach 8% or more as global conditions improve. She projected that a more favourable global environment within a year could contribute an additional 50 basis points to one percentage point in growth.
Why it matters
The statement underscores the critical impact of global economic conditions on India's domestic growth trajectory, directly affecting employment, investment and fiscal planning for millions of Indians.
Read the original report — Times of India
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