Exclusive: Good coordination between the government and RBI helped India recover from Covid and Russia-Ukraine war: RBI Chief Shaktikanta Das


New Delhi:

In an exclusive interview with NDTV Editor-in-Chief Sanjay Pugalia Reserve Bank of India (RBI) Governor of Shaktikanta Das PM Modi talked in detail about the challenges faced after COVID and how to deal with them. He said that we have dealt with the challenges after COVID well. We took more than 100 measures. The global economy also suffered permanent damage as a result of COVID.

Shaktikanta Das said that we faced the challenges of Covid and thereafter very well. The challenges were big in different phases of Covid. The world also faced many other challenges. The impact of the Ukraine war was big. The government and RBI worked well together.

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He said that Covid led to output loss in the global economy. We came out of all challenges including Covid.

The RBI Governor said that our economy and financial development have emerged very strong. The pace of development has been strong, inflation has remained under control, the financial sector is now more stable and resilient than it was 5-6 years ago. He said that the way we have come out of many crises, including Ukraine, is exemplary in the case of India.

Shaktikanta Das said that India will remain the fastest growing economy in 2024-25.

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He said that our focus is on presenting RBI’s policy in simple language. In the eyes of common people, RBI is a mysterious institution. RBI started working in 1935. Today RBI also has a big role in UPI payment.

The RBI governor said that India has faced every difficult time very well. We are the fastest growing economy in 2024-25. He said that inflation is decreasing in the country right now, we are keeping an eye on price stability. He said that it is also very important to maintain financial stability. We should increase the output in the agricultural sector.

Shaktikanta Das said that monitoring the governance of banks and NBFCs is RBI’s priority. The contribution of banks to the economy has been good.


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