International confidence in India is at an all-time high and confidence among investors is growing, said Reserve Bank of India (RBI) Governor Shaktikanta Das.
“There is growing confidence on India and I think the international confidence on India is perhaps at an all-time high,” Das told ANI, on the sidelines of the ongoing World Economic Forum in Davos, Switzerland.
Speaking about RBI’s growth projection for India for 2023-24 and subsequent growth estimates put out by the National Statistical Office, the latter pegged higher than that of what RBI did, Das said, “So, when we said 7 per cent for the current year, there were a lot of opinions outside that the RBI is overprojecting.”
The Reserve Bank of India (RBI) during its December monetary policy review meeting raised its growth forecast for the current financial year by 50 basis points to 7 per cent from an earlier estimate of 6.5 per cent.
