India can sustain 8% annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country's growth trajectory, said an article on the 'State of Economy' in the central bank's March Bulletin published on March 19.
Between 2021-24, gross domestic product (GDP) growth has averaged above 8%. The global economy is losing steam, with growth slowing in some of the most resilient economies and high-frequency indicators, pointing to further levelling in the period ahead, said the article authored by a team led by RBI Deputy Governor Michael Debabrata Patra.
