Sanjay Malhotra, the current Revenue Secretary, has been appointed as the new Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. This is a significant development for India’s economic landscape, especially at a time when the country is navigating various economic challenges, including high inflation and slowing growth. With his extensive experience across finance, taxation…
The Reserve Bank of India (RBI) has forecasted a robust 7.2% growth in the country’s real GDP for the fiscal year 2024-25, supported by a rise in both urban and rural demand. RBI Governor Shaktikanta Das announced this projection on Thursday, attributing the optimistic outlook to continued investment demand and rising consumption across sectors.
The RBI’s forecast breaks down the expected GDP…
