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Reserve Bank of India marginally raises India’s economic growth projection

Mumbai: The Reserve Bank of India (RBI) marginally raised the economic growth projection of the country for the current fiscal. RBI revised the growth projection to 6.5%.  Earlier it was projected at 6.4%. RBI Governor Shaktikanta Das updated this after the first bi-monthly monetary policy of 2023-24 fiscal.

RBI Governor also informed that  the  Gross Domestic Product (GDP)  growth in the first quarter of 2023-24 is expected at 7.8%. The growth for second, third and fourth quarter of the current fiscal has been projected at 6.2%, 6.1% and 5.9%, respectively.

Also Read: Stock Market: Indian equity indices end higher for fifth day in a row 

Earlier the  World Bank has slashed the GDP growth forecast to 6.3% in 2023-24. World Bank in its ‘India Development Update’ has revealed this. Earlier it was projected  6.6%.  Asian Development Bank (ADB)  also expects India’s economic growth to moderate to 6.4% this fiscal.



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