(MT Newswires) -- Shaktikanta Das, governor of the Reserve Bank of India, points out that Indian inflation has come down from a peak of 7.8% to within the target range of 2% to 6%. Das said it is premature to talk about a rate cut until the sustainable target of 4% is achieved. The Governor estimates that growth will reach 7% in 2024. Das notes a significant fall in the unemployment rate, from 6% in 2017-18 to 3.2% in 2022-23.

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