Economic growth will only move upwards: Shaktikanta Das

In line with the Union Budget, the Reserve Bank of India on Friday projected a GDP growth rate of 10.5 per cent for the financial year beginning April 1, on the back of recovery in economic activities.

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Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government’s projection of 11 per cent.

The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week.