MUMBAI (Reuters) – The Indian economic system’s GDP progress within the present fiscal 12 months ending March could possibly be “very close” to eight%, Reserve Bank of India governor Shaktikanta Das mentioned in an interview with tv channel ET Now on Wednesday.

India’s economic system grew at its quickest tempo in one-and-a-half years within the closing three months of 2023, led by robust manufacturing and development exercise. Asia’s third largest economic system grew 8.4% within the October-December quarter, a lot sooner than the 6.6% estimated by economists polled by Reuters.

On Feb. 29, India’s authorities revised its progress estimate for the present fiscal 12 months to March 31 to 7.6% from 7.3%.

(Reporting by Swati Bhat; Editing by Andrew Heavens)