The announcement of the new monetary policy by the Reserve Bank of India (RBI), has increased the economic growth projection for the current financial year. The revised growth rate has now been revised to 6.5 percent from 6.4 percent earlier. This announcement has been made while unveiling the first bi-monthly monetary policy for the financial year 2023-24.
growth is expected
According to RBI estimates, the GDP growth rate in the first quarter of 2023-24 is expected to be 7.8 percent. On the other hand, talking about the latter quarter, according to RBI Governor Shaktikanta Das, the growth rate in the second quarter has been estimated to be 6.2 percent, in the third quarter 6.2 percent and in the fourth quarter, the growth rate has been estimated at 5.9 percent.
The Asian Development Bank also expects India's economic growth to moderate to 6.4 percent due to tighter monetary conditions and higher oil prices. It was 6.8 percent in the financial year 2023.
The estimated decline in GDP
The growth rate has been reduced to 6.3 percent against the estimate of gross domestic product (GDP) amid the increase in the estimate. The World Bank has estimated this in its latest 'India Development Update' (IDU). Earlier it was estimated at 6.6 percent in 2023-24.
Explain that the RBI MPC has decided not to make any changes in the new monetary policy rates. After the meeting ends today, it has been announced to keep the repo rates at the level of 6.50 percent. At the same time, before the meeting, there was an estimate of an increase in repo rate, reverse repo rate, and other related decisions. Economists believed that the repo rate could be increased by a quarter point or 25 basis points, but the RBI has decided not to increase it.
Taking cognizance of the devotees going to Varanasi and Ayodhya after bathing in Prayagraj Mahaku
The monsoon that reached Delhi after soaking many states has made a strong impact. The first and
The post-mortem report of civil judge Jyotsna Rai's body in Badaun has confirmed death due to han
Ahead of the India Alliance meeting, Trinamool Congress (TMC) has advised the Congress to give up
Controversy is continuously increasing over the alleged controversial statement given by Tamil Na
By defeating South Africa in the 37th match of the World Cup 2023, India has registered its eight
Prime Minister Narendra Modi today inaugurated the 'World Food India 2023' program at Bharat Mand
The IPL 2024 match between Royal Challengers Bangalore (RCB) and Kolkata Knight Riders (KKR) will
Sourness in India-Bangladesh relations! Yunus government called back two diplomats
India-Bangladesh relations After the formation of the interim government in Bangladesh, its relat
Former India captain Mahendra Singh Dhoni, one of the most successful captains in the world, turn
