India admits its central bank's policies may have slowed the economy, with GDP growth at 5.4%.

The Indian Finance Ministry has acknowledged that the Reserve Bank of India's monetary policies may have contributed to the country's economic slowdown, with GDP growth at a near two-year low of 5.4%. The Ministry revised growth expectations for 2024-25 to around 6.5% and noted that while domestic economic conditions are promising, global trade uncertainties and rising stock markets pose significant risks. These factors may influence future monetary policy decisions.

3 months ago
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