RBI lowers GDP growth projection to 6.8 for FY23

New Delhi: The Reserve Bank on Wednesday cut the country’s gross domestic product (GDP) growth forecast for the current fiscal to 6.8 per cent from its earlier estimate of 7 per cent. Announcing the latest bi-monthly monetary policy, RBI Governor Shaktikanta Das said, however, that India would remain one of the world’s fastest growing major economies, despite a downgrade in the economic growth projection.

He said the Indian economy remains resilient and is a bright spot in a gloomy world. It should be noted that the RBI had exceeded its growth forecast in September as well. ,Also Read: Engineering Dropout’s Deep And Amazing Survival Story Will Melt Your Heart; Anand Mahindra is thrilled with the story,

The World Bank on Tuesday revised its GDP growth forecast for India for 2022-23 to 6.9 per cent from its earlier estimate of 6.5 per cent, saying the economy was showing high resilience to global shocks. Is. ,Also read: Google Pixel Fold 2022 will be launched this month: see the price, specification and other key details of the phone,