RBI Policy Meeting GDP Forecast: Malhotra & Co peg India’s FY26 growth aim at 6.7%
Reserve Bank of India's rate-setting panel on Friday pegged India’s FY26 GDP growth at about 6.7%, Governor Sanjay Malhotra announced.
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In the previous meeting in December, the then RBI Governor Shaktikanta Das had pegged India's growth for this fiscal year at 6.6%.
RBI expects economic growth in Q1, Q2, Q3 and Q4 of the next fiscal year starting April 1 at 6.7%, 7%, 6.5% and 6.5%, respectively.
The monetary policy during its December 2024 meeting had reduced the growth forecast for Q3FY25 to 6.8% from 7.4%, Q4 growth target to 7.2% from 7.4%, and Q1FY26 was revised to 6.9% from 7.3%.
Global headwinds continue to impact the outlook and pose downward risks, the governor said.
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