BusinessRBI Raises FY27 Inflation Forecast to 5.2% and GDP Growth to 7.1%
The Reserve Bank of India (RBI) has increased its FY27 Consumer Price Index (CPI) inflation forecast to 5.2% from 5%, indicating stronger price pressures. It also upgraded the real GDP growth forecast to 7.1% from 6.7%. Inflation is expected to remain high throughout FY27, with quarterly CPI projections of 4.9%, 6%, and 5.7%. The RBI raised the repo rate by 25 basis points to 5.50% and adopted a 'calibrated tightening' policy stance.
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