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Despite fall, GDP will bounce back sharply: RBI Governor

News and Press Release - Dated:- 17-2-2017 - New Delhi, Feb 17 (PTI) Reserve Bank of India (RBI) Governor Urjit Patel on Friday said India's economic growth will make a sharp V recovery following the recall of old INR 500 and 1,000 currency notes .....

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be a sharp 'V', that we would have a downgrade of growth for a short period of time, he told CNBC-TV18 in an interview. However, the remonetisation has happened at a fast pace and that was part of the plan. RBI last week lowered the economic .....

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play out and needs more work to ensure they are lasting. Asked when India could achieve 9 per cent GDP growth, he said it is difficult to predict sustainable growth rates. Higher growth rate is possible if very fundamental reforms, especially in fact .....

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per cent growth rate is not something to be disappointed about. The six-member Monetary Policy Committee (MPC) headed by Patel had last week kept interest rates unchanged at 6.25 per cent for the second straight meeting and changed policy stance to .....

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