{"id":33185,"date":"2018-10-30T11:17:36","date_gmt":"2018-10-30T05:47:36","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=33185"},"modified":"2018-10-30T11:17:36","modified_gmt":"2018-10-30T05:47:36","slug":"slowdown-bottoming-out-says-rbis-patel","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/slowdown-bottoming-out-says-rbis-patel\/","title":{"rendered":"Slowdown\u00a0bottoming\u00a0out,\u00a0says\u00a0RBI\u2019s\u00a0Patel:"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/slowdown-bottoming-out-says-rbis-patel\/article21724698.ece\"><strong>Slowdown\u00a0bottoming\u00a0out,\u00a0says\u00a0RBI\u2019s\u00a0Patel<\/strong><\/a><strong>:<\/strong><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Reserve Bank of India (RBI) Governor Urjit Patel said with growth picking up in the second quarter of the current financial year, the economic slowdown may have bottomed out.<\/p>\n<p><strong>\u2018Financial markets have shown resilience, stability amid heightened volatility\u2019<\/strong><\/p>\n<p>Official data released this month, showed gross domestic product (GDP) in the July-September quarter expanded 6.3% year-on-year, snapping a four-quarter slowdown. Growth in the preceding quarter was 5.7%.<\/p>\n<p><strong>\u2018Efficiency augmenting\u2019<\/strong><\/p>\n<p>While structural changes, such as the introduction of the Goods and Services Tax (GST), may result in temporary disruptions, they were \u201cefficiency augmenting\u201d in the medium to long term.<\/p>\n<p><strong>CAD<\/strong><\/p>\n<p>He said the current account deficit \u201cremains within sustainable levels\u201d, and other indicators of external viability also reflected a healthy improvement.<\/p>\n<p><strong>International investors warming up<\/strong><\/p>\n<p>The RBI chief said international investors had warmed to the Indian economy as reflected in the sizeable foreign investment inflows.<\/p>\n<p><strong>Foreign Exchange Reserves<\/strong><\/p>\n<p>At the same time, building up adequate buffers in foreign exchange reserves was a natural \u201cself-insurance\u201d to manage risks arising out of volatile capital flows.<\/p>\n<p><strong>Monetary policy committee<\/strong><\/p>\n<p>The monetary policy committee has left interest rates unchanged for two successive bimonthly policy reviews, citing concerns about the outlook for inflation. The RBI has also retained a \u2018neutral\u2019 policy stance<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slowdown\u00a0bottoming\u00a0out,\u00a0says\u00a0RBI\u2019s\u00a0Patel: Context Reserve Bank of India (RBI) Governor Urjit Patel said with growth picking up in the second quarter of the current financial year, the economic slowdown may have bottomed out. \u2018Financial markets have shown resilience, stability amid heightened volatility\u2019 Official data released this month, showed gross domestic product (GDP) in the July-September quarter expanded&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/slowdown-bottoming-out-says-rbis-patel\/\">Continue reading <span class=\"screen-reader-text\">Slowdown\u00a0bottoming\u00a0out,\u00a0says\u00a0RBI\u2019s\u00a0Patel:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-33185","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704894264},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=33185"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33185\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=33185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=33185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=33185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}