Growth sustained by domestic resources, says ex-RBI deputy governor Michael Patra
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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 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. What's Your Reaction?
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