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RBI Raises India Growth Forecast To 7.1 Per Cent For 2026-27
The growth forecast of Indian economy has been raised to 7.1% for 2026-27 from 6.7% projected in August but mounting inflationary pressures
The growth forecast of Indian economy has been raised to 7.1% for 2026-27 from 6.7% projected in August but mounting inflationary pressures pose risks to the outlook, RBI Governor Sanjay Malhotra said in the minutes of the central bank’s latest policy meeting. Amidst the turbulent global backdrop, the Indian economy has shown remarkable resilience. Growth for the full year 2026-27 is now projected at 7.1 per cent, 40 bps higher than the projection of 6.7 per cent in August.
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RBI Raises India Growth Forecast To 7.1 Per Cent For 2026-27
According to the minutes of the latest monetary policy meeting, the Reserve Bank of India has raised its growth forecast for the 2026-27 fiscal year by 40 basis points. Governor Sanjay Malhotra highlighted the Indian economy's resilience despite a turbulent global environment. However, the central bank remains cautious about rising inflation. The governor noted that these price pressures pose a significant risk to the revised growth trajectory.