India GDP Must Grow at 8 To 10 Percent To Reap Fruits Of Demographic Dividend Says RBI Bulletin

Bulletin RBI: The Reserve Bank of India has said in its Monthly Bulletin that to take advantage of its demographic dividend, India will have to grow at the rate of 8 to 10 percent for the next decade. . RBI said in its bulletin that to meet the development aspirations for the next three decades, it is necessary that the Indian economy continues to grow at the rate of 8 to 10 percent annually in the next decade so that it can take advantage of its demographic dividend, which has started. It happened in 2018. RBI said that calculations show that India will continue to benefit from this till 2055.

RBI said in its bulletin, conditions are being prepared for major changes in the 8 percent GDP growth rate seen in India between 2021 and 2024 and the upward trend. Growth is accelerating due to support from public investment and improvement in productivity. It was said in the article that the Asian Development Bank has also admitted that private investment in India is showing momentum again.

Crude oil fluctuations increase concern

There has been a warning about inflation in the RBI bulletin. It has been said in the bulletin that there is a danger of inflation increasing due to adverse weather. Apart from this, due to the prolonged stressful situation at the global level, crude oil prices may remain volatile. Retail inflation has come down to 4.9 percent in March 2024, which had remained on an average of 5.1 percent for the last two months.

Low expectations of cheap loans

In the RBI bulletin on the state of the economy, it was said that the pace of global growth has remained intact in the first quarter of 2024 and the outlook for global trade also looks positive. According to the bulletin, due to strong investment demand, strong business and strong consumer sentiment, an atmosphere of rapid growth in India's GDP growth rate has started. But bond yields and loan interest rates are increasing in big economies. According to the bulletin, the possibilities that were visible regarding reduction in interest rates are now weakening.

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