RBI Revises FY25 GDP Growth Forecast Downward to 6.4% Amid Global Headwinds

 

The Reserve Bank of India lowered its growth forecast for the current fiscal year 2024-25 to 6.4% from its previous estimate of 6.6%, reflecting moderated economic momentum. This revision aligns with the National Statistical Office's first advance estimates and comes as the central bank implements its first rate cut in nearly five years. Despite the downward revision, the RBI maintains an optimistic outlook for FY26, projecting growth at 6.7%, supported by improving employment conditions, tax relief measures, and robust agricultural activity. The adjustment reflects careful consideration of both domestic strengths and global uncertainties affecting India's growth trajectory.

Source: Reserve Bank of India