Growth forecast: RBI projects FY27 GDP at 6.9%; hikes retail inflation to 4.6%
Virendra Pandit
New Delhi: The Reserve Bank of India (RBI) on Wednesday forecast GDP growth projection for FY27 at 6.9 percent compared to 7.6 percent expected in FY26, the media reported.
The central bank also raised the inflation projections for FY27 to 4.6 percent from the earlier 4.2 percent.
RBI Governor Sanjay Malhotra said the economy continues to be on a sound footing even as he cautioned that muted global growth due to the ongoing West Asia war would impact external demand and remittances.
He noted that India recorded a GDP growth of 7.6 percent in FY26.
Malhotra also cautioned the rising global crude oil prices, supply chain disruptions and the Super El Nino weather phenomenon could stoke inflation.
