At Rs 70.48 lakh crore, RBI's balance sheet is more than Pakistan, Bangladesh's GDPs put together

Posted on:
Key Points

To put this in perspective, the RBI's balance sheet size, equivalent to $844.76 billion, surpasses the entire GDPs of Pakistan and Bangladesh...

The RBI in its report sees India's GDP growth staying robust on the back of solid investment demand which is supported by healthy balance sheets of banks and corporates, the government's focus on capital expenditure and prudent monetary, regulatory and fiscal policies...

The Reserve Bank's Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment..

The report, however, added that geopolitical tensions, geoeconomic fragmentation, global financial market volatility, international commodity price movements and erratic weather developments pose downside risks to the growth outlook and upside risks to the inflation outlook...

The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year..

You might be interested in

From steady growth to lower inflation: 6 key takeaways from RBI Annual Report 2022-23

30, May, 23

The central bank said in its report that India remains in an advantageous position despite the global economic turbulence that has hurt many major countries across the world.

RBI hikes inflation projection to 5.4%; repo rate unchanged

11, Aug, 23

The RBI’s Monetary Policy Committee (MPC) has decided unanimously to keep the policy repo rate unchanged at 6.5 per cent for the third time in a row.

Barclays, Citi raise India's growth closer to 7% after GDP beat

01, Dec, 23

Barclays Plc and Citigroup Inc. predict the economy will now expand 6.7% in the fiscal year ending in March, up from previous forecasts of 6.3% and 6.2%, respectively. Several other analysts also bumped up their estimates.

CareEdge expects India's GDP to grow 7.6pc in current financial year 2023-24

30, Mar, 24

New Delhi [India], March 29 (ANI): CareEdge Ratings expects India’s GDP to growth at 7.6 per cent in 2023-24 ending on March 31, and around 7 per cent in the next financial year 2024-25. According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment […]

‘Indian economy likely to keep pace of expansion’: We’re optimistic about India, whatever the odds, says RBI

21, Mar, 23

“Unlike the global economy, India would not slow down – it would maintain the pace of expansion achieved in 2022-23. We remain optimistic about India, whatever the odds,” RBI said in its 'State of Economy' report released in the Monthly Bulletin for March.

Hiring rises 12 pc in January-May this year: Report

04, Jul, 23

The hiring in India grew 12 per cent year-on-year in January-May this year, led by professional services, manufacturing, BFSI, e-commerce and IT/ITES sectors, a report said on Tuesday.

India's GDP grew by 8.4 per cent in December quarter

29, Feb, 24

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday

India to sustain growth in more durable way: Report

07, Jul, 23

India Business News: NEW DELHI: The Indian economy has carried the momentum from FY23 into current fiscal year and high-frequency indicators paint a healthy picture of sta.

RBI optimistic on growth, sees no big hit from bank turmoil

21, Mar, 23

India Business News: India's economy is gathering steady pace and is unlikely to face major repercussions from the recent global financial turmoil, the Reserve Bank of Ind