India will not slow down: RBI article

Bengaluru: E-vehicle manufacturer Ola Electric is close to raising funds of around $300 million for its expansion plans and to meet other corporate needs, sources close to the company said. The fresh round of fundraising comes amid expectations that Ola Electric would break even soon and achieve profitability. The fundraising would be managed by investment bank Goldman Sachs, and the funds would be raised from existing and marquee global investors and sovereign funds. —PTI

GOLD TUMBLES `480 PER 10 GM; SILVER DECLINES `345/KG

Mumbai (PTI): Unlike the global economy which is risk of recession, India would not slow down and maintain the pace of expansion achieved in 202223, said the RBI bulletin.

Even as global growth is set to slow down or even enter a recession in 2023 as global financial markets wager, India has emerged from the pandemic years stronger than initially thought, with a steady gathering of momentum since the second quarter of the current financial year, said an article in the March bulletin of the Reserve Bank.

Year-on-year growth rates do not reflect this pick-up of pace because by construction they are saddled with statistical base effects, and instead suggest a sequential slowing down through successive quarters of 2022-23 to an unsus-

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