RBI retains growth forecast for current fiscal at 9.5 per cent
3 years ago

RBI retains growth forecast for current fiscal at 9.5 per cent

India TV News  

The Reserve Bank on Wednesday retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough to be self-sustaining and durable. the projection for real GDP growth is retained at 9.5 per cent in 2021-22 consisting of 6.6 per cent in Q3 and 6.0 per cent in Q4 of 2021-22," he said. Last month, National Statistical Office estimated the Gross Domestic Product growth at 8.4 per cent, year-on-year, for the second quarter of the current fiscal. Meanwhile, Fitch Ratings, on Wednesday, cut India's economic growth forecast to 8.4 per cent for the current fiscal but raised the projection for the next financial year to 10.3 per cent.

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