India expected to be the fastest growing economy in FY23: RBI Governor – The Economic Times Video

While announcing the August bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das said, “With strong and resilient fundamentals, India expected to be the fastest growing economy in FY23. Its current account deficit will remain in comfortable limits. External debt-to-GDP fell from 21.2 per cent in March 2021 to 19.9 per cent in March 2022.” He added that the financial sector remains well-capitalised and sound. India’s forex reserves provide insurance against global spillovers. “Our umbrella remains strong.”