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RBI Annual Report 2022-23: India’s growth momentum likely to sustain in FY24 | Mint Primer | Mint

Dive into the insights offered by the Reserve Bank of India's (RBI) Annual Report FY23 in this video. Despite global turmoil in 2022-23, India demonstrated an impressive economic resilience, recording a 7% growth rate which outpaced major world economies. The recovery was marked by normalising domestic supply chains and a rebound in contact-intensive sectors. RBI’s report also highlighted challenges the global economy is grappling with, including high inflation, geo-economic fragmentation, and technological disruptions. Furthermore, it shed light on climate change, cybersecurity, fintech disruptions, and cryptocurrencies as potential long-term challenges. Transitioning our focus to the Indian economy, the video explores factors such as sound macroeconomic policies, softer commodity prices, a robust financial sector, and a healthy corporate sector that are poised to sustain India’s growth momentum in 2023-24. We also take a closer look at the volatility of foreign portfolio investment flows amidst global uncertainties, the measures taken to control inflation, the circulation of currency notes, and the future of digital currency in India. This includes a discussion on the Central Bank Digital Currency (CBDC), the Digital Rupee launched by the RBI in 2022, and its upcoming expansion plans. Join us as we break down the key takeaways from RBI's Annual Report and their implications for India's economic trajectory. For more economic insights and updates, don't forget to subscribe to our channel.

2 Jun 2023
News

Health Ministry guidelines for festivals: Kids below 10 to stay home, no events in containment zones

The notification said people who are residing in containment zones may be encouraged to observe festivals inside their homes and not move outPregnant women and children below the age of 10 years are advised to stay at home

2 min read6 Oct 2020
News

COVID-19: Gujarat govt orders action against private labs flouting SOP

Orders have been issued to take strict action, including police action, against private laboratories that were giving bogus reportsThe authorities will investigate if private laboratories were operating as per SOP

1 min read23 Sep 2020
News

Ladakh face-off: China attempted to unilaterally change status quo, says MEA

The Ministry of External Affairs said both sides suffered casualties that could have been avoided had the agreement arrived at earlier at the higher level been scrupulously followed by the Chinese side

1 min read17 Jun 2020
Insurance

Own damage motor insurance can now be bought separately

The regulator’s circular on standalone OD policies promises to give more power to the policyholderInsurers can issue standalone TP insurance, but most private-sector insurers sell it as a bundled product with OD

5 min read25 Jun 2019
Lounge

Beyond the Twitter wars

Tensions have been running high on either side of the border, and, as with everything else these days, this has been reflected on social media platforms, especially TwitterFollow these handles for context and news on the India-Pakistan stand-off

1 min read1 Mar 2019
Opinion

Opinion | Robert C. Merton’s retirement on a SeLFIES stick

Nobel laureate Robert C. Merton's latest work is around product design in a government bond that will allow an average person to target her retirement. It's called SeLFIES

4 min read17 Oct 2018
Money

Can standardisation of exclusions in health insurance policies help customers?

The insurance regulator has set up a committee to look into standardizing exclusions in health insurance policies. We ask experts on what the committee should focus on from a customer standpoint

3 min read31 Jul 2018
Politics

India, China plan to strengthen relations

Narendra Modi and Xi Jinping will meet again on the sidelines of the G20 meet in Argentina at the end of this year

1 min read27 Jul 2018
Ai

How AI will disrupt the home rental industry

Some of the early applications of AI in the home rental market are voice assistants which can map human choices to a specific locality and the Internet of things (IoT)

3 min read29 Jun 2018
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