India Likely To Remain Fastest Growing Major Economy: RBI Governor Shaktikanta Das

Das said the entire world has withstood multiple shocks. “I call it triple shocks of Covid-19 pandemic, then the war in Ukraine, and now the financial market turmoil.” The governor said the financial market turmoil is mainly emanating from the synchronised monetary policy tightening across the world by central banks, especially those in advanced countries, led by the U.S. Fed, and the spillovers are being felt by the emerging market economies, including India.