India's central bank expects growth rate at 6.5 pct this fiscal year

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India's central bank expects growth rate at 6.5 pct this fiscal year

STORY: India's central bank expects growth rate at 6.5 pct this fiscal year DATELINE: June 10, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Indian government buildings 3. various of Reserve Bank of India (RBI) building 4. various of markets in New Delhi 5. various of traffic in New Delhi STORYLINE: The rate of inflation in India during the current fiscal year (April 2023-March 2024) is expected to remain above 4 percent, while the country's economy is likely to grow at 6.5 percent, Governor of the Reserve Bank of India (RBI) Shaktikanta Das said on Thursday. Announcing the monetary policy in the financial capital Mumbai, the central bank governor said the Indian economy was strongly placed at a time of global uncertainties. "We can derive satisfaction from the fact that the Indian economy and the financial sector stand out as strong and resilient in a world of unprecedented headwinds and swift cross currents. Unlike the previous three

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