RBI Raises FY27 GDP Forecast to 6.7%, Cuts CPI Outlook to 5.0%
What Happened
RBI has revised its FY27 GDP growth forecast to 6.7% from 6.6% while lowering its CPI inflation projection to 5.0% from 5.1%. The revised forecasts indicate that the RBI expects India's economy to remain resilient despite global uncertainties, while inflation is likely to stay relatively contained.
Key Takeaways
RBI is more optimistic about India's growth prospects and less concerned about inflation than before, signalling confidence in the economy's resilience.