RBI maintains 7.2% growth projection, 4.5% inflation for FY2024-25, citing normal monsoon.

RBI maintains 7.2% growth projection, inflation at 4.5% for FY2024-25, citing a normal monsoon. Improved agricultural activity and sustained services growth are expected to support rural and urban consumption. In June, India's overall inflation slowed to 5.1%, with higher-than-expected food inflation and fuel deflation for the 10th consecutive month. The RBI Governor projects a real GDP growth of 7.2% for Q1 of FY2025-26, with risks evenly balanced.

August 08, 2024
26 Articles

Further Reading