Economy path: GDP growth can cross 8% if India Inc ramps up investments, says former RBI deputy governor Michael Patra
Monday, 1 September 2025 () Michael Patra highlighted corporate India's insufficient investment as a hurdle to exceeding 8% growth. Demand uncertainty deters firms, while consumption and investment could create a virtuous cycle. He defended rate hikes for stability, suggested MPC expansion, and stressed labor market reforms, climate change mitigation, and global integration for sustained growth.
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Michael Patra, former RBI deputy governor, stated that India's economic growth is primarily fueled by domestic resources, making it less reliant on foreign... IndiaTimes
Monday, 1 September 2025 ()
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