According to this RBI bulletin published on Tuesday, the economic growth data released at the end of February shows India in a better position than other parts of the world. For this, along with the belligerence of the domestic economy, dependence on domestic factors has also been an important factor.

Economy emerged strong after the pandemic
It has been written that despite the possibility of recession on global growth in the year 2023, India has emerged stronger after the pandemic, contrary to the initial perception. Its growth has continued to accelerate in the second half of the current financial year.

Deputy Governor’s team wrote an article
A team led by RBI Deputy Governor Michael Devvrat Patra has written this article. The author team believes that India’s GDP at real ie constant price may increase to Rs 170.9 lakh crore in the next financial year, while it is estimated to be Rs 159.7 lakh crore in the financial year 2022-23.

According to the article, ‘Unlike the global economy, there will be no slowdown in India. This will maintain the pace of growth achieved in the year 2022-23. We remain optimistic about India, whatever be the circumstances.

Central bank gave clarification
The central bank has clarified that the views expressed in the article are the views of the authors and do not represent the views of the Reserve Bank.

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