RBI Article: Steps are being taken to achieve seven percent GDP, economy has become flexible due to softening of inflation


RBI Admit Card 2022

RBI Admit Card 2022
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Domestically, expectations of a resilient economic outlook have increased with inflation showing signs of easing. In such a situation, the economy is moving towards achieving a GDP of about seven percent. In the bulletin issued by RBI, it is expected that in the second quarter of the year 2022-23, India’s gross domestic product ie GDP can remain between 6.1 to 6.3 percent. However, India still remains vulnerable to global headwinds. Gross Domestic Product (GDP) figures for the second quarter of the year 2022-23 will be released by the end of November.

An article published in the latest RBI Bulletin also states that the outlook for the global economy remains negative. Global financial conditions are tightening and liquidity challenges in the markets have increased volatility. In the latest bulletin of the central bank, it has been said that due to the reduction in the retail inflation rate in the country, the possibility of flexibility in the monetary stance towards the economy has increased. It has been said in the article that if everything goes well, India can achieve seven percent GDP in the financial year 2022-23.

In the latest bulletin published by the central bank, it has been said that the trends of the global economy are still not clear. There is still a possibility of a global recession. Due to global economic challenges, central banks are taking a tough stance, due to which the market turmoil has increased.

According to the report of RBI Bulletin, the policy rates are being increased moderately in the market, due to which people have again started making up their mind to take risks. According to the note, the supply position in the market has also turned positive in the third quarter of the financial year. The report said that there have been positive changes in the economic outlook at the domestic level with signs of a reduction in inflation. However, there is still a need to be mindful of global concerns.

The report said that the demand in urban areas is showing strength, the demand in rural areas is sluggish but it has picked up in recent times. The report, published in the RBI Bulletin, has been prepared under the leadership of Michael Debabrata Patra, deputy governor of the central bank. However, on behalf of RBI, it has been said about this report that the views published in it are the personal of the author and do not reflect the view of the central bank.

The RBI bulletin also said that rice procurement during this Kharif marketing season has crossed last year’s figure. While wheat procurement has declined sharply, the good news is that rabi sowing is increasing year-on-year. Good north-east monsoon rains and rising reservoir water storage levels have helped in sowing of rabi crops.

Expansion

Domestically, expectations of a resilient economic outlook have increased with inflation showing signs of easing. In such a situation, the economy is moving towards achieving a GDP of about seven percent. In the bulletin issued by RBI, it is expected that in the second quarter of the year 2022-23, India’s gross domestic product ie GDP can remain between 6.1 to 6.3 percent. However, India still remains vulnerable to global headwinds. Gross Domestic Product (GDP) figures for the second quarter of the year 2022-23 will be released by the end of November.

An article published in the latest RBI Bulletin also states that the outlook for the global economy remains negative. Global financial conditions are tightening and liquidity challenges in the markets have increased volatility. In the latest bulletin of the central bank, it has been said that due to the reduction in the retail inflation rate in the country, the possibility of flexibility in the monetary stance towards the economy has increased. It has been said in the article that if everything goes well, India can achieve seven percent GDP in the financial year 2022-23.

In the latest bulletin published by the central bank, it has been said that the trends of the global economy are still not clear. There is still a possibility of a global recession. Due to global economic challenges, central banks are taking a tough stance, due to which the market turmoil has increased.

According to the report of RBI Bulletin, the policy rates are being increased moderately in the market, due to which people have again started making up their mind to take risks. According to the note, the supply position in the market has also turned positive in the third quarter of the financial year. The report said that there have been positive changes in the economic outlook at the domestic level with signs of a reduction in inflation. However, there is still a need to be mindful of global concerns.

The report said that the demand in urban areas is showing strength, the demand in rural areas is sluggish but it has picked up in recent times. The report, published in the RBI Bulletin, has been prepared under the leadership of Michael Debabrata Patra, deputy governor of the central bank. However, on behalf of RBI, it has been said about this report that the views published in it are the personal of the author and do not reflect the view of the central bank.

The RBI bulletin also said that rice procurement during this Kharif marketing season has crossed last year’s figure. While wheat procurement has declined sharply, the good news is that rabi sowing is increasing year-on-year. Good north-east monsoon rains and rising reservoir water storage levels have helped in sowing of rabi crops.





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