Bharat Express

Governor Shaktikanta Das

The US Federal Reserve’s second 25-basis-point rate cut to 4.75% boosts optimism in emerging markets, including India.

On Wednesday, the RBI's MPC decided to maintain the repo rate at 6.5% and upheld its GDP growth forecast for India at 7.2% for FY25.

The Reserve Bank of India (RBI) is optimistic about India's economic prospects, forecasting a real GDP growth of 7.2% for FY25.

During the MPC meeting on Wednesday, RBI Governor Shaktikanta Das projected retail inflation at 4.5% for FY25.

Finance Minister Nirmala Sitharaman urged banks to boost public deposits and support lending for Budget 2024-25 initiatives.

India’s economy is showing strong growth 7.2 in GDP, supported by investment demand, steady urban consumption, and rising rural consumption, according to RBI Governor Shaktikanta Das.

India's economic development is still accelerating and may get better in the upcoming months. He also stated that the India is on way to 8 per cent GDP growth.

In a world of extreme uncertainty, India is witnessing a conducive environment of macroeconomic stability

She said that it is not necessary to induce individuals to invest through government schemes but give them an opportunity to make personal decisions regarding investments.

The RBI has brought down the liquidity surplus in the banking system to below 2 trillion rupees ($24.19 billion) from around 9-10 trillion rupees..