According to RBI governor Shaktikanta Das, India is on the brink of a significant transformation in its growth path, aiming for a sustained annual growth rate of 8%. He emphasized that this growth projection allows the RBI to prioritize tackling inflation with clear and focused efforts. Supporting the higher growth forecast was the continuation of the Q4FY24 growth momentum in Q1FY25, a pick up in rural consumption, favourable monsoon and a rise in external demand.