RBI Governor gave good news, the economic growth rate of the country is likely to be more than 7% in 2022-23

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RBI Governor Shaktikanta Das has made a big statement about the rate of economic growth of the country in the financial year 2022-23. He said that the country's economic growth rate is likely to be more than 7% in the financial year 2022-23. At the annual convention of the CII (Confederation of Indian Industry), the RBI governor warned the industry that the threat on the inflation front is not yet over. He clearly said that the central bank decides the repo rate keeping in view the real situation.

Important remarks by RBI Governor at CII convention

RBI Governor Shaktikanta Das said at the CII's annual convention that GDP growth could be 7% for FY 2022-23. There is also a possibility that it may go beyond that. It would not be a surprise if last year's GDP growth rate rose slightly from 7%. According to Shaktikanta Das, the economic growth rate during 2023-24 is expected to be 6.5%.

Uncertainty in the global geopolitical situation

Addressing the big industrialists, the RBI Governor said that there are signs of improvement in the economy but challenges remain on the economic front. There is uncertainty in the geopolitical situation at the global level. Global trade is showing signs of contraction. He said that I am making it clear that the fight against inflation is not over yet. We have to be careful.