Governor, Sanjay Malhotra, on Friday said that India can definitely clock a growth rate of more than 7 per cent. Speaking at the post-MPC press conference, the governor said that India should aspire to achieve the 7-plus growth rate.

India's new central bank governor Sanjay Malhotra cut interest rates by 25 basis points to 6.25%, aiming to support a slowing economy. The monetary policy committee's decision disappointed some investors seeking more proactive measures.

Reserve Bank of India’s (RBI) new governor Sanjay Malhotra on Friday said that India can achieve a 7 per cent plus growth rate and the country should aspire for it.