The governor was speaking at the National CA Conference in Bhubaneswar, Odisha.
He also highlighted that the fall in the GDP numbers is only because of a reduction in the government spending due to the recently concluded elections which restricted the government spending and the low growth in the agriculture sector. He shared that the growth of all other major sectors is above 7 per cent.
"I would like to say with all humility and sincerity and with all confidence that the Indian growth story is intact," said the Governor.
Highlighting the reason for moderation in growth numbers he said "It's one component which has pulled down the growth, its government expenditure, both central and state government expenditure, perhaps due to the election season".
This story is from the September 01, 2024 edition of The Sunday Guardian.
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This story is from the September 01, 2024 edition of The Sunday Guardian.
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