Rajan warned India is close to the "Hindu rate of growth", characterized by low economic growth, subdued private sector investment, and high-interest rates. He also noted the global economy is slowing, which puts even more pressure and uncertainty on India's growth. Rajan expressed concerns about the recent slowdown in GDP growth, with the quarterly rate falling to 4.4% in October-December. He stated that this slower growth rate was worrying. He highlighted the importance of urgently reviving demand and financial conditions to ensure sustainable and inclusive economic growth.
