RBI MPC Revises India's FY27 GDP Growth Projection to 6.6%

India's GDP Growth Projection Lowered to 6.6 Percent by Reserve Bank of India

The Reserve Bank of India (RBI) has revised India's GDP growth projection downward to 6.6 percent for FY27, a decrease from the earlier projected 6.9 percent. This announcement was made by RBI governor Sanjay Malhotra following the bi-monthly policy review meeting on June 5.

In a move to maintain economic stability, the RBI unanimously decided to keep the repo rate unchanged at 5.25 percent, maintaining a neutral stance. This decision suggests that the central bank is cautious about the economic outlook, opting to avoid any drastic changes to monetary policy.

Read also: Indian Stock's 530% Rally Highlights Hidden AI Investment Opportunities