The quarterly projections for FY27 were revised, with growth estimated at 6.9% and 7% in the first and second quarters of the fiscal year, respectively.
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has revised its growth projection for India’s Gross Domestic Product (GDP), RBI Governor Sanjay Malhotra announced on Friday, January 6. The quarterly projections for FY27 were revised, with growth estimated at 6.9% and 7% in the first and second quarters of the fiscal year, respectively.
The MPC left its policy repo rates unchanged at 5.25% on Friday, having cut rates back in December by 25 basis points. This is the third instance of the MPC keeping policy rates unchanged across the last four policies.
The MPC left its policy repo rates unchanged at 5.25% on Friday, having cut rates back in December by 25 basis points. This is the third instance of the MPC keeping policy rates unchanged across the last four policies.
