This is against real GDP growth of 7.8% projected in the April 2023 Bi-monthly Monetary Policy Statement. The nowcast GDP growth is based on partial data available for April 2023. The nowcast GDP growth is based on assuming an implied GDP growth of 5.1% for Q4 (January-March) FY23. Th...
The benchmark interest rate was last changed by the MPC in February 2023. The Monetary Policy Committee (MPC) also decided to stay focused on withdrawal of accommodation. The MPC took this decision by a majority of 4 out of 6 members. The MPC met on 6th, 7th and 8th August, 2024. FY...
TheMonetary Policy Committee (MPC)remains focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth. The RBI Governor did not explicitly say that there would be a rate hike post the next MPC meeting. But reading between the line...
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RBI Monetary Policy: MPC keeps FY25 inflation forecast unchanged at 4.5% RBI policy: Investors should opt for short to medium-term duration funds 05-08-2024 RBI likely to keep key interest rate unchanged at 6.5%, say experts Infosys coded tax network in India, it got a Rs 32,400 cr GST...
10. IMF lowered India’s FY 2023-24 growth forecast to 5.9%. TheInternational Monetary Fund (IMF)has cut down India’s economic growth forecast for the current financial year to 5.9% from its earlier estimate of 6.1%. According to the World Economic Outlook of IMF, the Indian economy is ...