West Asia Tensions And Uncertain Monsoon Threaten Growth: RBI Governor
New Delhi, July 18 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra has flagged geopolitical tensions in West Asia and the possibility of a weak monsoon as key risks to India's economic growth outlook.
In an interview with DD news, Malhotra said, "Despite global uncertainties, India has witnessed an over 7 per cent growth rate in the past few years. Last financial year, India clocked a growth rate of 7.7 per cent supported by strong and robust macroeconomic fundamentals," PTI reported.
The RBI has projected GDP growth at 6.6 per cent for the current financial year, even amid global and domestic challenges. He emphasised that stable monetary and fiscal policies continue to underpin this performance.
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