India would have grown 8% but for external shocks: RBI
RBI Deputy Governor Poonam Gupta stated that India's economy would have reached an 8% growth rate if not for challenging global conditions. She highlighted that improvements in digital infrastructure and governance have increased the nation's resilience against external shocks.
Why it matters
Understanding the factors behind India's growth trajectory is crucial for investors and policymakers assessing the country's economic potential amidst global uncertainty.
MUMBAI: India would already have been an 8% growth economy if it had not been grappling with an exceptionally difficult global environment, Reserve Bank of India (RBI) deputy governor Poonam Gupta said, arguing that improvements in digital infrastructure, public services, manufacturing and governance have strengthened the economy's capacity to withstand external shocks."We would have already been a 8% growth economy but for the external shocks," Gupta said during a fireside chat at a BFSI event organised by Business Standard.
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