RBI Warns of Subsidies Slowing Down India's GDP Growth

Guess what the RBI Governor, Shaktikanta Das, just shared about India's economy? He’s concerned that the rise in government subsidies could slow down our GDP growth. Apparently, for the second quarter, subsidy payments have jumped, which might lower the GDP numbers. It’s not the first time either—the first quarter's growth was already affected, slipping to 6.7% from 7.8% last quarter. Das is saying the government’s spending choices, like on subsidies, could really be holding back growth right now. Makes you wonder about the balance between supporting people and keeping the economy strong!