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RBI GDP outlook The Reserve Bank of India's Monetary Policy Committee (MPC) has revised its FY27 GDP growth forecast to 6.7% from 6.6%, citing stronger-than-expected economic performance in the first quarter. The central bank has projected Q1 FY27 growth at 7%, raised its Q2 forecast to 6.4%, while retaining its Q3 and Q4 projections at 6.5% and 6.8%, respectively. It has also estimated Q1 FY28 GDP growth at 7.3%. The RBI expects services, stable employment, robust credit growth and the government's infrastructure push to support growth, although uncertainty over the southwest monsoon, El Niño, geopolitics and global trade policy continues to pose risks.
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CNBC TV18•07-10-2026, 10:54
RBI to Establish Technical Consultative Committee on Financial Markets
  • •The Reserve Bank of India is setting up a Technical Consultative Committee on Financial Markets to create a structured forum for policy and operational discussions.
  • •Experts note the committee will help address potential market volatility concerning exchange rates, interest rates, and derivatives.
  • •RBI also announced measures allowing SEBI-registered depositories to include customer deposits in statements by the end of 2026.
Read Full Article on CNBC TV18 in English

Key Questions Answered

The Reserve Bank of India is constituting the committee to provide a structured forum for discussions on policy and operational matters related to financial markets. It aims to facilitate consultations on issues concerning financial market development and operations.

Prahlad Krishnamurthi of Probe42 noted the move aligns with financial data infrastructure measures, which help lenders and corporates assess credit risk in a tighter rate environment. Meanwhile, Vivek Iyer of Grant Thornton Bharat stated that financial markets could experience enhanced volatility, but a consultative approach ensures better smoothing and reflects the RBI's mature preemptive strategy.

As part of its October monetary policy measures, the RBI announced steps allowing SEBI-registered depositories to include customer deposits in their statements. This will enable relevant customer information to be reflected in depository-issued statements, with implementation scheduled by the end of 2026.

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