West Asia Crisis, Uncertain Monsoon Major Risks for Growth: RBI Governor Sanjay Malhotra
Malhotra said the West Asia crisis and a weak monsoon could slow growth as the RBI kept GDP growth at 6.6% and lifted inflation to 5.1%.
9 Articles
9 Articles
RBI Governor Cites Middle East War, Weak Monsoon As Major Risks To Economy
The RBI governor’s comments come at a time when erratic monsoon progress has delayed planting across major states for the Kharif season with total cropped area falling 16 per cent year-on-year.
West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay Malhotra
Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1 percent, driven by supply-side factors. The rupee remains stable globally, and FDI inflows are robust.
Iran war and monsoons key risk for Indian economy, says RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent price pressures mainly to supply-side factors and said policymakers should remain in a “wait and watch” mode.
Reserve Bank of India (RBI) Governor Sanjay Malhotra has expressed concern that the West Asian crisis and the monsoon drought have now become major challenges to the country's economic growth rate. 'Despite the uncertain international situation, India's GDP growth rate has been recorded at over 7 percent for the past few years.
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