Mr Rajan said inflation estimate should target a basket which was what the consumer consumed because it affected the consumer's perception of inflation and ultimately inflationary expectations.

The diverse work cultures brought by corporate professionals, academicians, and IAS officers reflect their varying approaches to leadership and management

Das, however, said India's growth story was intact and that all the other major sectors had reported growth above 7 %.

Talks are ongoing with several countries to extend UPI's reach through QR codes and fast payment system linkages.

"Just like the Unified Payments Interface (UPI) changed the payments ecosystem, we expect ULI to transform the lending landscape," says the RBI Governor.

Shaktikanta Das received the “A+” rating along with Christian Kettel Thomsen of Denmark and Thomas Jordan of Switzerland; this is Mr Das's second consecutive time receiving a positive rating.