RBI Deputy Governor says India may grow close to 7% this financial year
- RBI Deputy Governor Poonam Gupta said India may grow close to 7% this year, above the 6.7% forecast.
- Speaking in Chennai on Thursday, Gupta said the estimate was based on a robust April-June quarter.
- Gupta said 7.5% growth was a given despite a deficient monsoon and elevated energy costs.
- Economists expect India's balance of payments to turn positive, driven by foreign inflows of up to $80 billion.
Source: moneycontrol.com
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