RBI Governor Sanjay Malhotra signaled optimism for India’s economic outlook, projecting real GDP growth at 6.9% in Q1 FY27 and CPI inflation at 4%. While global trade has remained relatively robust, the RBI will release detailed inflation projections in April. The outlook reflects resilience in domestic demand and stable macroeconomic conditions.
The Reserve Bank of India (RBI) has outlined a positive trajectory for the Indian economy in FY27, with real GDP growth expected at 6.9% in the first quarter. Governor Sanjay Malhotra noted that CPI inflation is projected at 4%, underscoring price stability amid global uncertainties.
Malhotra highlighted that global trade has remained relatively robust, providing external support despite headwinds. He added that the RBI will present comprehensive CPI inflation projections for FY27 in April, offering a clearer picture of medium-term price trends.
The projections reflect confidence in India’s domestic demand resilience, supported by steady consumption and investment momentum. Analysts believe the RBI’s balanced outlook signals stability in monetary policy while maintaining vigilance against external risks.
Key Highlights
- GDP growth projection: 6.9% in Q1 FY27.
- CPI inflation forecast: 4% in Q1 FY27.
- Detailed inflation projections to be released in April.
- Global trade robust, offering external support.
- Domestic demand resilience continues to drive growth momentum.
Sources: ANI, Business Standard, Mint, Economic Times