π RBI projects 6.7% GDP growth for fiscal year
The Reserve Bank of India has projected GDP growth to reach 6.7 percent this fiscal year. RBI Governor Sanjay Malhotra made this announcement in Mumbai, confirming the repo rate stays at 5.25 percent. This revision followed better-than-expected economic performance in the April-June quarter. Furthermore, RBI lowered its CPI inflation projection to 5 percent from the earlier 5.1 percent for FY2027. The bank remains positive due to strong exports and steady investment despite global hurdles. π