PM Modi’s Reforms Expected To Offset Tariff Impact, RBI Highlights Resilient Growth Outlook

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New Delhi: RBI Governor Sanjay Malhotra on Wednesday said that while tariff-related developments may slow growth in the second half of FY26, recent structural reforms announced by Prime Minister Narendra Modi, including GST rationalisation, are expected to cushion the impact of external headwinds. Speaking during the fourth bi-monthly monetary policy review of FY26, Malhotra noted that the domestic economy remains resilient, supported by a favourable monsoon, low inflation, and continued monetary easing.

The central bank has revised its GDP forecast for FY26 upwards to 6.8% from the earlier estimate

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