Projected growth of 6% for next year: RBI Governor at post-budget meeting

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday transmission of rate cuts is expected to improve further in the coming days and that momentum is gathering pace on credit growth. Das said the growth rate for the next year is expected to be 6%. Das made the comments after the customary post-budget meeting of RBI's central board of directors in Delhi. Union finance minister Nirmala Sitharaman also addressed the board.