RBI projects 7.8% GDP growth for 2022-23

The Reserve Bank on Thursday pegged the economic growth rate for 2022-23 at 7.8%, down from 9.2% expected in 2021-22, in view of uncertainties on account of the pandemic and elevated global commodity prices. RBI governor Shaktikanta Das said, "Recovery in domestic economic activity is yet to be broad-based, as private consumption and contact-intensive services remain below pre-pandemic levels."

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