
New Delhi:
The Reserve Bank of India (RBI) has said in the latest estimate that India’s economy can grow at a speed of 6.5 per cent in the current financial year. India’s growth story also remains strong between global uncertainties and trade war. At the same time, RBI Governor Sanjay Malhotra has appealed to American companies to increase investment in India.
He assured that India is still the fastest growing economy in the world and investors are getting great opportunities for long -term value and growth here.
India strong even among global challenges
Sanjay Malhotra said that when many big countries of the world are facing economic crisis and recession, then India is emerging as a strong and stable economy. This is the reason that India has become a natural choice for investors who are looking for long term growth.
Stable policy and strong demand became strength
The RBI Governor also said that the secret of India’s strength is policy stability, strong domestic demand and low export dependency. For this reason, the impact of global recession on India is less. He said that India’s monetary, financial and political environment creates a safe and attractive platform for investors.
Sanjay Malhotra also admitted that the growth rate of 6.5 per cent is slightly lower than recent years, but it is like the old trend of India and is still the highest among the big economies of the world. He said that this pace can be slightly below India’s expectations, but it is considered very strong in view of the current global situation.
Golden opportunity to invest
Sanjay Malhotra invited the American industry to innovation, cooperation and investment in India during an event in the US.
He said that today is a great opportunity to shape the future with India and American companies should be a part of this growth journey. He said that India is working not only for itself, but for a better global future, and it is still time to partner.
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