RBI hopeful of 9.5% GDP growth: Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das said that RBI is positive about 9.5% GDP growth estimate for the Fiscal Year 2021-22.

He said that several economic indicators were showing upward growth due to opening up of economic activities and this gives RBI confidence that the GDP growth will be in the estimated range in 2021-22. He said that the debilitating impact of the second wave of Coronavirus infection was on the wane and economic growth will be better from the second quarter onwards.