"Expect Real GDP To Touch 7%": RBI Chief Shaktikanta Das To NDTV At Davos

Mr Das said India had entered "long-haul growth", explaining, "Aggregate demand conditions remain positive... investment activities are picking up, backed by high capital expenditure by the government and private sector capex..."

The Indian economy is expected to touch real GDP growth of seven per cent next year, Reserve Bank of India Governor Shaktikanta Das told NDTV Thursday on the sidelines of the World Economic Forum in Davos. He said the economy had navigated prolonged turmoil - including the pandemic and geopolitical tensions in Ukraine and the Middle East - thanks to a stable macroeconomic core.

Mr Das also stressed the RBI continues to closely monitor inflation that dangerously breached the central bank's target bands during the initial months of the Ukraine crisis, when it touched 7.8 per cent, and that he expects this to continue moderating as it moves towards four per cent.

"India has recovered from recent volatilities and uncertainties, such as the health crisis and the geopolitical tensions, and emerged better. (Our) macroeconomic stability is better than most other countries (and) our financial sector is also doing well," he told NDTV in an exclusive interview.