India’s growth has been “exemplary” despite the challenges of the last few years, including the Covid pandemic, the war in Ukraine and other global tensions, Reserve Bank Governor Shaktikanta Das has said. In an exclusive interview with NDTV Editor-in-Chief Sanjay Pugalia, Mr Das said the last five or six years have bene of “great volatility”.
“The Covid crisis has led to permanent output loss in every economy across the world… In India’s case, the way we have come out of the crisis is exemplary… and now, the financial sector has emerged stronger,” he said.
To stay afloat in this period, the Reserve Bank has taken more than 100 measures and coordinated with the government.
Today, inflation is coming under control, but 4 per cent is still away. The Financial sector today is much more stable and resilient than it was earlier, he said.
“We are projecting 7.2 per cent growth this financial year. We are not seeing any major growth sacrifice. It remains stable and resilient,” he added.
