RBI maintains repo rate at 6.5% for the eighth consecutive time and raises FY25 GDP forecast.

Mumbai, — The Reserve Bank of India (RBI) has decided to retain the policy repo rate at 6.5% for the eighth consecutive meeting, indicating a cautious attitude on inflation. This decision came after the RBI’s Monetary Policy Committee (MPC) met for the first time after the Lok Sabha election results were released. RBI Governor Shaktikanta…

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India’s Q4 GDP growth surges to 7.8%, while FY24 sees a robust 8.2% expansion.

The Indian economy grew strongly in the fourth quarter of fiscal year 2023–24, expanding by 7.8% year over year. This outstanding accomplishment was reinforced by strong government spending and resilient consumer demand, resulting in a full-year GDP growth rate of 8.2%, according to preliminary figures released on May 31.  Government spending boosts economic growth. The…

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