Serious food and energy crisis in front of the world, the reason for the ongoing war in Europe: RBI Governor Das

reserve Bank of India (rbi) Governor Shaktikanta Das said on Saturday that the ongoing war in Europe has brought new challenges, and suddenly the world is faced with a serious food and energy crisis. He said that this crisis has come at a time when the economy Covid-19 Was going to be normal after the third wave. Addressing the inaugural session of the annual research conference of the RBI’s Department of Economics and Policy Research, Das said the Covid-19 pandemic has presented an opportunity to analyze large-scale data.

War brought many challenges: Das

The central bank governor said that the first major challenge was the collection of data and statistical gaps in the data during the first wave of Kovid. He further said that the war in Europe brought with it new challenges, that too at a time when the economy was going to be completely normal after the third wave of the pandemic. Das said that the world was suddenly faced with a serious food and energy crisis.

Das further said that a new risk has emerged in the form of fragmentation of the global economy due to the rapidly changing geopolitical situation and it is understood that there is a need to reduce dependence on a single source for critical supplies. He said that since March 2020, the Kovid-19 pandemic, war in Europe and aggressively monetary tightening in all countries have thrown up a variety of challenges for economic research.

RBI has projected growth to be more than 7% this year

Apart from this, let us tell you that in the September quarter, India’s GDP growth can be so much that the growth of the whole year crosses the level of 7 percent. This estimate has been given in the article of the Reserve Bank.

India’s economic growth is likely to remain in the range of 6.1 to 6.3 per cent in the second quarter, helping the country achieve 7 per cent growth in the current fiscal, said a note published by the Reserve Bank on Friday. Will get. On November 30, the government will release the growth estimates of gross domestic product (GDP) for the July-September quarter.

(with language input)