Do you know about the important highlights of the latest annual report of the Reserve Bank of India? India keeps growing strong despite global troubles, says RBI in its yearly report. The world economy faces many challenges like high prices, low growth, rising rates, and political issues. But India stays tough, according to the central bank.
Here are the main points from the report and how to get it. We also have free resources (including Free Mock Test) to help you ace your exams. Read on to know more!
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Here are a few important highlights of the RBI report 2022-2023 that you must know:
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Here are the 4 Effective resources that can help you start and propel your preparation:
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The RBI’s annual report for 2022-23 highlighted the macroeconomic and financial stability of India amid global turbulence. The report projected a 9.5 percent growth in real GDP and moderate inflation within the target range for the fiscal year. The report also noted the improvement in the banking sector’s performance and resilience, the sustainability of the current account deficit, and the increase in the foreign exchange reserves. However, the report also pointed out some challenges such as the rise in the number of frauds in the banking sector, the low coverage of deposit insurance, and the need to ensure the safety and security of digital payments. Go through the entire report for a complete and better understanding.
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