The report added that on the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures.
Meanwhile, the RBI annual report pointed that around 91,110 pieces of fake Rs 500 notes were detected in FY23. This was a 14 per cent rise when compared to FY22 when 79,669 pieces of fake Rs 500 notes were detected.