India likely to remain fastest growing major economy: RBI Governor Das ...Middle East

Reserve Bank Governor Shaktikanta Das on Saturday exuded confidence that India will continue to be the fastest growing major economy with a likely growth rate of 7 per cent in 2022-23 on the back of strong macroeconomic fundamentals and financial sector stability. Speaking at the HT Leadership Summit 2022, Das emphasised that the country's economy remains resilient, supported by the banking and non-banking sectors. Das said the entire world has withstood multiple shocks. "I call it triple shocks of COVID-19 pandemic, then the war in Ukraine, and now the financial market turmoil." The Governor said the financial market turmoil is mainly emanating from the synchronised monetary policy tighteni

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