NEW DELHI: Inflation in India during the current financial year and the next (FY26 and FY27) is expected to be much lower than the Reserve Bank of India’s (RBI) projections, according to a report by the State Bank of India (SBI).

The report argued that the central bank’s approach should not be seen only as “monetary policy” but also as a broader “regulatory policy” that reflects India’s unique economic conditions.

SBI highlighted that several domestic factors are easing price pressures, such as the good progress of the monsoon, higher kharif sowing, strong reservoir levels, adequate foodgrain stocks, and the recent rationalisation of GST rates.

These factors, it said, are helping bring inflation under control faster than expected.

Taking these into account, the RBI had recently lowere

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