Reserve Bank of India (RBI) Governor Sanjay Malhotra expressed confidence in India's economic potential, stating that the country can certainly achieve a growth rate of over 7 per cent. Speaking at the post-Monetary Policy Committee (MPC) press conference on Friday, Malhotra emphasised that this should be the target India aspires to.

"These are difficult questions to answer, but nevertheless, I would like to stick my neck out and say that certainly India can achieve a 7 per cent plus growth rate, and we should certainly aspire for it," the RBI Governor said when asked about the feasibility of attaining such a growth rate.