Shaktikanta Das: No reason to revise GDP growth projection downwards, says RBI governor Shaktikanta Das | India Business News

NEW DELHI: The Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said that there is no reason for the central bank to revise gross domestic product (GDP) projection downwards.
The RBI projected India’s economy to grow by 10.5 per cent for financial year 2021-22.
Addressing the inaugural edition of Economic Times Financial Inclusion Summit via video conferencing, Das stated that India’s financial system will have a crucial role in fulfilling aspirations and needs of our economy on the mend.
To mitigate the financial impact of Covid-19, the Reserve Bank took several measures like lowering interest rate, on-tap liquidity window and more, he noted.
Praising India’s digital ecosystem, the RBI governor noted that services like IMPS and UPI saw transactions worth Rs 4.5 lakh crore per day in the month of June itself.
“Financial inclusion is a key driver of sustained and balanced economic growth which helps reduce income inequality and poverty, he added.

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