The big banks of Wall Street have been quick to tweak what they expect from Indian growth this year.
Bank of America, Goldman Sachs and Deutsche Bank have all entertained the idea that India's economic expansion might be lower than what was previously expected. The country's GDP figure slowed to a 15-month low of 6.7% year-on-year in the second calendar quarter.
Yet, India's central bank appeared to dismiss the negativity earlier this month and reiterated its bullish view of India's growth rate, still expecting the economy to grow by 7.2%.
When asked by CNBC's Tanvir Gill whether there were any downside risks to this prediction, the governor of the Reserve Bank of India responded with an emphatic "no." "Not at all."
"We are quite confident about the 7.2% growth which we have projected in our current year's assessment," Shaktikanta Das said in an exclusive interview for CNBC.
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