Indian economy moving towards better future, no obstacle in the path of growth rate of 6.5%
Indian economy It is moving at a high speed and in the current financial year (2025–26) it will not have to face any challenge in achieving a growth rate of more than 6.5%. Nagesh Kumar, a member of the Monetary Policy Committee (MPC) of the Reserve Bank of India, said this on Sunday. Kumar said that India’s situation in all the economies of the world remains better. He said, in fact, more than one-third of global economies are struggling with debt crisis. Industrialized economies are facing sluggishness in heavy pressure, high inflation and economic growth. Kumar said that the Indian economy is more domestic consumption and domestic investment than export or business. Because of this, India is still moving fast.
Inflation came under control
He said that I do not see any problem in the way of increasing the current financial year and next year at the rate of Indian economy at the rate of more than 6.5 percent. He said that more, you know, hopefully such an increase will continue in the coming years, and at one time it will reach seven to 7.5 percent. The Indian economy is expected to grow at a rate of 6.5 percent in the last financial year. According to the estimate of the Reserve Bank of India, the country’s economy will grow at the same rate even in the current financial year. On a question on inflation, Kumar said that the current Consumer Price Index (CPI) based inflation is about two percent and is largely the result of the policy adopted by MPC (Monetary Policy Committee) or RBI. And now it has come under the purview of the goal.
MPC meeting next month
Asked whether there is scope for further cuts for RBI for RBI, he said that it will depend not only on inflation figures, but on all various large figures. If inflation comes down to two percent in a month, it does not mean that it will remain at this level. The central bank has cut the major policy rate repo by one percent this year. Official data shows that the main inflation in June has come down to 2.1 percent against the target of four percent. The six -member monetary committee of RBI is scheduled to declare its next biological policy in August. Kumar said that therefore, MPC will look at the trend of not only inflation figures, but also all other large parameters. On the basis of these, MPC will have to reach a conclusion. The government has targeted the RBI to keep inflation on four percent with two percent decreased.
FDI growing good signal
In response to a question on FDI in the country on FDI (FDI), Kumar said that as far as total foreign direct investment is concerned, it has increased from $ 71 billion to $ 81 billion in 2024-25, then there is a good growth. He said that the figure of net FDI is low, as more investment is going out. As long as the total FDI flow is good, I am not worried about it. According to Anktad’s latest global investment report, the global FDI flow declined by 11 percent to $ 1,500 billion in 2024. This is the second consecutive year while global FDI flow has declined.
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