RBI projects FY27 GDP at 6.9%, hikes retail inflation estimate to 4.6%
Governor Sanjay Malhotra said the economy continues to be on a sound footing even as he cautioned that muted global growth due to the West Asia war would impact external demand and remittances.
The Reserve Bank of India (RBI) forecast GDP growth projection for FY27 at 6.9 per cent compared to 7.6 per cent expected in FY26. It raised the inflation projections for FY27 to 4.6 per cent from the earlier 4.2 per cent.
Governor Sanjay Malhotra said the economy continues to be on a sound footing even as he cautioned that muted global growth due to the West Asia war would impact external demand and remittances. He noted that India recorded a GDP growth of 7.6 per cent in FY26.
He also cautioned the rising global crude oil prices, supply chain disruptions and the Super El Nino weather phenomenon could stoke inflation.
Published on April 8, 2026
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