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RBI Raises FY27 GDP Growth Forecast To 7.1 Percent
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News18•07-10-2026, 11:15
RBI Raises FY27 GDP Growth Forecast To 7.1 Percent
- •The Reserve Bank raised India's GDP growth forecast for the current fiscal year by 40 basis points to 7.1 per cent.
- •Governor Sanjay Malhotra stated that domestic economic activity showed strong resilience amid global headwinds.
- •Growth was primarily driven by robust private consumption, strong investment activity, and positive net exports.
- •The central bank cautioned that lingering global geopolitical tensions and elevated commodity prices pose risks to the outlook.
- •Other global agencies including the World Bank, ADB, and OECD have also recently upgraded India's FY27 growth projections to around 7 per cent.
Key Questions Answered
The Reserve Bank of India raised its GDP growth forecast for the current fiscal year by 40 basis points to 7.1 per cent, driven by resilient private consumption and strong investment activity.
The World Bank raised India's GDP growth forecast for the current fiscal year to 7.1 per cent. Additionally, agencies like the Asian Development Bank, OECD, S&P, and Fitch raised their projections to around 7 per cent or higher, backed by robust domestic demand and strong exports.
Governor Sanjay Malhotra cautioned that lingering global geopolitical tensions, protracted conflicts, elevated international commodity prices, trade frictions, and tightening financial conditions could pose risks to the economic outlook.
