According to RBI Governor, the Indian banking system is still stable

[{"selector":"#anim-ac3191ce-4647-4e09-b036-2452a8f5d47e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc6ecf6a-4ba6-42b0-b2a8-d84f79dc2bf3","keyframes":{"transform":["translate3d(-111.64179%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Shaktikanta Das, governor of the RBI, stated on Wednesday that the Indian financial sector is still solid. Read more

[{"selector":"#anim-244d70b5-158d-4936-8404-eeae99116646","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c07b5217-ba6c-4e13-8745-b342f288c3fe","keyframes":{"transform":["translate3d(109.11682%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to RBI Governor Shaktikanta Das, the decision to halt interest rate increases depends on the actual situation on the ground and is not completely under his power.

[{"selector":"#anim-16beced2-8ff8-43d0-bd09-35c9833df33c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe9966f3-32a7-4072-9e9c-87370fc9f183","keyframes":{"transform":["translate3d(0px, 144.72456%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to the IMF’s World Economic Outlook in April 2023, global growth is projected to slow down from 3.4% in 2022 to 2.8% in 2023, with a subsequent increase to 3% in 2024.

[{"selector":"#anim-c50a27d2-376c-4e77-ac0c-df1ca2b5139d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4fb8720-e544-483f-859b-530d18fa886f","keyframes":{"transform":["translate3d(-108.2621%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Shaktikanta Das, governor of the RBI, also emphasized that while the economic downturn largely impacts advanced economies, it is predicted that in 2023

[{"selector":"#anim-2c81e635-8360-4e0b-b1ed-c0d352bdd3fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22bc60d4-1524-486d-9dac-86fe93fdc0e3","keyframes":{"transform":["translate3d(109.11682%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] On the plus side, the reduction of supply chain disruptions, the gradual normalization of the energy and food markets. Read more

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