Tag: michael patra
India needs faster growth for a decade to meet goals, says RBI deputy governor Michael Patra
India will need rapid economic growth for a decade in order to achieve Prime Minister Narendra Modi’s goals of becoming a developed country by 2047,…
RBI’s Michael Patra on what’ll largely finance India’s investment needs in coming decades
Domestic savings have been crucial in financing India’s investment requirements and are expected to remain the predominant source of net lending in the coming decades,…
Indian Diaspora: Indian economy benefited from diaspora: RBI’s Michael Patra
The Indian diaspora contributed substantially to the country’s forex reserves pile-up. In addition to sending record amounts- $108 billion – as remittances to their families…
Liquidity surplus at 9-mth peak on high govt spend, FPI inflows
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on…
shaktikanta das: Moderate rate hike gives leeway to make data-driven changes in monetary policy: Shaktikanta Das
Mumbai: Reserve Bank of India governor Shaktikanta Das has said the moderate hike in the policy rate — first since the cycle began last May…