RBI optimistic about 9.5% GDP growth for current financial year

Mumbai, September 9

RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present.

He said the impact of the second wave of Covid has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis.

Speaking at an event here, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6% inflation band set by the government for it. — PTI