MUMBAI: The Reserve Bank on Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates.

In August, the Reserve Bank of India (RBI) projected a 6.5 per cent GDP growth rate for 2025-26, along with an inflation forecast of 3.1 per cent.

Announcing the bi-monthly monetary policy, Reserve Bank Governor Sanjay Malhotra said significant developments on the domestic front, amid a rapidly changing global economic landscape, have altered the narrative on growth-inflation dynamics in India.

“Buoyed by good monsoon, the Indian economy continues to exhibit strength by registering a higher growth in Q1 2025-26. At the same time, there has been a co

See Full Page