Stories
RBI Elevates FY27 Growth Forecast to 7.1 Percent on Strong Economic Resilience
M
Moneycontrol•07-10-2026, 12:04
RBI Elevates FY27 Growth Forecast to 7.1 Percent on Strong Economic Resilience
- •The Reserve Bank of India raised the FY27 growth forecast to 7.1 percent from 6.7 percent, driven by resilient private consumption and robust investment momentum.
- •The Q2 GDP forecast was increased to 7.2 percent from 6.4 percent, and the Q3 forecast was raised to 6.9 percent from 6.5 percent.
- •RBI Governor Sanjay Malhotra noted that global economic uncertainty, supply chain disruptions, and weak monsoon conditions could impact rural demand and domestic activity.
- •The central bank hiked interest rates by 25 basis points to 5.5 percent and shifted its monetary stance to calibrated tightening.
Key Questions Answered
The Reserve Bank of India raised the FY27 growth forecast to 7.1 percent from 6.7 percent, driven by resilient private consumption and robust investment momentum.
The RBI hiked interest rates by 25 basis points to 5.5 percent and shifted its monetary policy stance from neutral to calibrated tightening.
RBI Governor Sanjay Malhotra warned that global economic uncertainty, supply chain disruptions, a weak southwest monsoon, and El Niño conditions could impact the rabi season and rural demand.
