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RBI Slashes India’s Growth Forecast | How Will It Impact Jobs & Prosperity? | The Urban Debate
Posted
April 8, 2022
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28:12Now PlayingIn today’s episode of the Urban Debate with Heena Gambhir, tune in to the economic debate and how it affects the common man. Earlier, the Reserve bank of India slashed the GDP projections for Financial Year 2023 from 7.8 per cent to 7.2 per cent. This came in with a warning by the RBI over the Russia Ukraine war crisis, and how it could impact India’s economic recovery from the big jolt left by the Covid-19 pandemic. In addition, the Reserve Bank of India also increased the inflation projections from 4.5 per cent to 5.7 per cent. On this, Nitin Desai, Former Under-Secretary-General for Economic & Social Affairs, U.N, comments, stating that 'RBI is right to downgrade growth because of the export growth; since we haven't had consumption & investment growth.'
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#IndiaEconomicRecovery #RBI #IndianEconomy
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