India’s growth story remains resilient as global economy lags: RBI governor Shaktikanta Das

The RBI governor also stressed the need to make swift technological advancements.

Earlier, Das observed that the last five or six years have been extremely challenging for the global economy, especially Covid.

“Global growth is holding on. But there are signs that it is (again) slowing down. However, India has been an exception. The economic recovery that India made after the pandemic was one of the best. When every country is facing a growth slowdown, the Indian economy in the last three years, has recorded an annual growth rate of 8 %. The RBI growth projection for the current year is 7.2 % while many international agencies like the IMF have given a growth projection of 7 %. So, on the whole, the Indian growth story remains resilient, Indian economy remains strong and I would say very robust and we are much better placed than perhaps the rest of the world,” the RBI governor added.

Dr M Ramachandran, former Secretary, Ministry of Urban Development, and former Chief Secretary of Uttarakhand, one of the founders of KIF, said the foundation will be an exclusive community of people from business, finance, education, literature, judiciary, science and technology, public administration, sport and culture among others.

“Structured on the lines of various international centres in Indian metros, we would like to set up a world-class facility where minds meet and expand, opinions converge and clash, and connections are forged,” he said.

The other founders of KIF include Justice (Rtd) Satheesachandran; Dr Viju Jacob, Executive Chairman, Synthite Industries; Paul Antony, former Chief Secretary; Dinesh P Thampi, VP and Head of TCS Kerala; Madhu Radhakrishnan, Lawyer and Maria Abraham, Executive Editor, Dhanam Publications.