Desk
Share
RBI Policy: Amidst rising inflation and falling demand in the economy, the Reserve Bank of India has announced its monetary policy today. RBI has not cut interest rates but has reduced India's GDP growth forecast for the financial year 2025 to 6.6%. Earlier this projection was 7.2%.
The RBI took this step after India's GDP growth rate fell to a seven-quarter low of 5.4% in the July-September period. This was the lowest growth since the third quarter of FY 2023.
There is no slowdown in the economy
While announcing the monetary policy, RBI Governor Shaktikanta Das described the slowdown in GDP as much less than expected. He said that the manufacturing sector is limited to select areas. Shaktikanta Das said that the slowdown in the domestic economy has reached a "low level" in the September quarter.
Earlier, the GDP growth estimate for FY25 was 7.0% in Q2, which has still been retained at 7.0%. However, in Q3 it has been reduced from 7.4% to 6.8%, Q4 – from 7.4% to 7.2%. At the same time, in Q1FY26 it has been reduced from 7.3% to 6.9% and Q2FY26 – 7.3%.
--Advertisement--
_464715303.jpg)
_464715303_100x75.jpg)
