The Reserve Bank of India (RBI) once again has cut its projection for India’s Gross Domestic Product (GDP) growth for the fiscal 2021-22 (F.Y. 22) to 9.5 percent from few days earlier forecast of 10.5 percent.
Consumer Price Inflation (CPI) is also estimated lower at 5.1 percent in F.Y. 22 as compared to the earlier forecast of 5.2 percent
Further, State Bank of India (SBI) has also sharply slashed their F.Y. 22 GDP growth estimates to 7.9 percent from the earlier projection of 10.5 percent. It is the lowest among all analysts.