India will again be among world's fastest-growing economies: Patra

RBI deputy governor says private consumption and investment remains a work in progress

India will once again be among the world’s fastest growing economies, but the Reserve Bank of India (RBI) and the government have their work cut out.

The measures undertaken by the central bank since the pandemic period from March 27, 2020, have “contributed significantly in engineering the turnaround in the Indian economy,” said RBI Deputy Governor Michael Patra on Friday at the annual C D Deshmukh Memorial Lecture.

“We are on course to becoming among the fastest growing economies of the world, but there is far to go,” Patra said in his speech, adding that private consumption and investment remains