RBI News: India’s Economy Performed Better Despite Russia-Ukraine Conflict, Says RBI Member Ashima Goyal

India Economy: In the last few months, the world’s economy has faced many challenges. Specifically, the power crisis caused by the Russian-Ukrainian war has greatly affected the growth of European countries. Despite all of this, RBI Monetary Policy member Ashima Goyal says that the Indian economy has performed well, emphasizing that the Indian economy will have to increase its flexibility because the geopolitical situation is still very delicate. 

India’s Inflation Decreasing

Ashima Goyal said that the country’s inflation is decreasing slowly and gradually. She also assured that the government has introduced better policy changes and this has helped to save the Indian economy from external shocks. In the October-December quarter, India’s GDP growth was 8.4%, which shows the increasing economic activity in the country.