RBI
India's economy grows 7.7 per cent in 2025-26 amid global shocks
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Provisional GDP estimates released on Friday show 7.7 per cent growth for 2025-26. The figure exceeds the government's February prediction by 0.1 percentage points. Outlook for 2026-27 points to a slowdown.
Saugata Bhattacharya menyatakan bahwa hanya ada sedikit indikasi ekonomi India mengalami panas berlebih. Ia mencatat beberapa faktor yang dapat membentuk pertumbuhan dan kebijakan moneter.
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The Indian rupee continues to weaken against the US dollar. On Tuesday, it hovered around 95.36 in early trading. Since the beginning of this year, the currency has fallen by around 5.64 per cent.
The Reserve Bank of India's Monetary Policy Committee on Wednesday kept the key policy rate, the repo rate, unchanged at 5.25 per cent. Amid uncertainties from the West Asia conflict, the committee retained its neutral stance. It has lowered the GDP growth forecast to 6.9 per cent for FY27.
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India's Supreme Court ruled on Tuesday that borrowers have no legal right to a personal or oral hearing before banks classify their accounts as 'fraud' under RBI's Master Directions. A bench of Justices J B Pardiwala and K V Viswanathan held that issuing show-cause notices, providing evidence, eliciting replies, and passing reasoned orders meet fairness requirements.
RBI officials stated that the near-term economic outlook remains favorable and well-positioned to sustain high growth momentum, driven by consumption, investment, and productivity-enhancing reforms. Inflation is expected to remain benign and near the target. However, global conditions introduce some volatility.
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The Reserve Bank of India's Monetary Policy Committee decided to keep interest rates unchanged at 5.25% in its February meeting, citing improved growth prospects from the recent India-US trade deal. This pauses a series of rate cuts from 2025 amid benign inflation. The decision reflects optimism about GDP growth and external sector stability.
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