The Reserve Bank of India (RBI) has issued an optimistic growth forecast for the country, despite concerns raised by economists.
Dhiraj Nim, an economist at Australia & New Zealand Banking Corp, expressed skepticism regarding the RBI's projections, noting that the current macroeconomic indicators do not support such a positive outlook. He warned that if the RBI does not address these warning signs, it risks maintaining a tight monetary policy that could further hinder economic growth.