Growth sustained by domestic resources, says ex-RBI deputy governor...

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2025-09-02 01:34:15 -

Growth sustained by domestic resources, says ex-RBI deputy governor Michael Patra

Michael Patra, former RBI deputy governor, stated that India's economic growth is primarily fueled by domestic resources, making it less reliant on foreign capital. He highlighted that this self-sufficiency is a significant advantage, as the country generates its own resources for growth. Consequently, India's current account deficit remains at a manageable 1% of GDP.

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