Business News / Indian economy will grow at the rate of 7 percent in FY 2025, said RBI Governor at WEF.

Business News: Even amidst instability in the global economy, the pace of the Indian economy will remain fast and it can grow at the rate of 7 percent in the financial year 2024-25. This was said by RBI Governor Shaktikanta Das during an event of the World Economic Forum in Dabos, Switzerland.

Das said that macroeconomic data coming in globally is pointing in this direction. Inflation is slowly coming down. The development situation has been good in almost all the countries. Financial situation is improving and the market has reached new heights. Because of this we can hope. The economy can grow at the rate of 7 percent in the financial year 2024-25.

India is the fastest economy in the world

The Governor further said that among the major economies, India will still remain the fastest growing economy in the world. The growth rate in the current financial year is estimated to be 7.2 percent. Governor Das attributed the strong growth to the structural reforms implemented by the government in recent years, which have enhanced the medium and long-term growth prospects of the Indian economy.

Visible effect of monetary policy

The positive impact of the monetary policy decisions taken by Governor Das has been seen. Inflation has come down significantly from the peak level of 2022. This is indicated by recent changes taking place at the global level. Inflation is coming under control all over the world. Better than expected growth will be seen in all countries.

Let us tell you, the 54th annual meeting of the World Economic Forum is going on in Dabos, Switzerland. Financial officers and industry people from all the big countries of the world participate in it. It started on January 15 and will continue till January 19.