RBI Revises F.Y. 22 GDP Forecast to 9.5%

FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo

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.



Knowledge Source:

India’s trade deficit hits 8-month low

Leave a Reply

Your email address will not be published. Required fields are marked *