India, July 18 -- Reserve Bank Governor Sanjay Malhotra has said the West Asia crisis and the expectation of a weak monsoon present significant risks to economic growth.

"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," he said in an interview to DD News.

The Reserve Bank of India (RBI) has projected a GDP growth of 6.6 per cent for the current financial year despite various challenges, he said.

"Monetary and fiscal policies are robust, and because of that, we are witnessing high GDP growth," the governor added.

On inflation, he said the central bank has rai...