RBI raises India's economic growth forecast to 7.2% and keeps interest rates unchanged.
The Reserve Bank of India (RBI) has raised India's economic growth forecast for the current fiscal year to 7.2% from its earlier projection of 7%. The RBI has kept policy interest rates unchanged and projects CPI inflation to remain at 4.5% for the current financial year. The move comes after estimates released by the National Statistical Office (NSO) placed India's real GDP growth at 8.2% in 2023-24, with private consumption and rural demand playing significant roles in driving the growth.
June 07, 2024
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