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MSME sector displayed remarkable resilience in recent years, says SBI grou
Updated : 2 months, 3 weeks ago IST
Speaking at the India SME Finance and Summit, Soumya Kanti Ghosh said this growth highlights the sector's increasing significance, with its share rising to 27.3 per cent in 2021, reflecting remarkable resilience in the domestic economy.
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Jump in digital significantly slowed down growth of currency in circulatio
Updated : 3 years, 7 months ago IST
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
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Better for RBI to allow rupee to depreciate a bit, finding its natural bal
Updated : 3 years, 8 months ago IST
New Delhi [India], September 28 (ANI): It might be better for the Reserve Bank of India (RBI) to allow the rupee to depreciate a bit, letting it find its natural balance, said Soumya Kanti Ghosh in an SBI research report.
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