Big statement of RBI Governor: Economy in better shape, we are ready to deal with any challenge

Reserve Bank of India Governor Shaktikanta Das on Monday said the country’s economy is in a better shape despite the challenges posed by the Russia-Ukraine war and the RBI will ensure sufficient liquidity to support the economy. He said that the challenges that remain for the world at this point of time are the rise in the price of crude oil and the rise in the prices of major commodities.

17 lakh crore capital infused

RBI Governor Shaktikanta Das made this big statement while addressing an event of Confederation of Indian Industry (CII). He said that in March, 2020, capital of Rs 17 lakh crore has been infused so far in the economy affected by the epidemic. During his address, he assured the industry to ensure that there is enough liquidity in the economy. He said that with the capital adequacy ratio at 16 per cent and gross NPAs (non-performing assets) at a low of 6.5, the position of banks is better.

Das said on LIC IPO
Along with giving information about the state of the economy, Das also presented his opinion about LIC IPO. He said that this will be the biggest IPO in the history of the country. It is very important to launch it at the right time. In the IPO of this insurance company, 35 per cent is reserved for retail investors and the response from the retail segment is very important. He said that there has also been a big increase in the participation of retail investors in the stock market in the current financial year. Das said that we are fully prepared to deal with all the challenges.

India’s growth forecast is also 8.9%

RBI Governor said that our target for inflation is 4 percent plus or minus 2 percent. We are still within limits. We expect inflation to moderate going forward. India’s growth forecast is also 8.9%. As far as we see it, there is no possibility of inflation rate.

RBI Governor Shaktikanta Das while addressing the CEO at CII National Council meeting on Monday said that I do not see any case where inflation in India will remain above 6 per cent, in fact our expectation is that it will be as low as 4.5% Will be