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Tuesday, October 31, 2023

GDP numbers to surprise on the upside: RBI Gov Shaktikanta Das

RBI Governor Shaktikanta Das predicts that India's GDP growth for the second quarter of FY24 will exceed expectations based on early indicators. He mentioned that the country's economic activity and various data points suggest a positive surprise. However, he also highlighted geopolitical risks as a concern for global growth. Additionally, Das discussed the high attrition rates in private banks and the RBI's examination of their business models to ensure adequate risk management.

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