RBI MPC: The Reserve Bank gave a shock by reducing this year's GDP growth estimate, giving this reason


Posted on 6th Dec 2024 12:01 pm by rohit kumar

The Reserve Bank has reduced the GDP estimate for the financial year 2024-25 and this is a surprising step. This change regarding the economic growth rate of the country can also become a cause of concern for the government. The Governor of the Reserve Bank said that apart from the central bank, the challenges being seen in geo-politics remain a big issue for all countries. Apart from this, the latest inflation figures and the low GDP rate in the second quarter are also a cause for concern.

 

RBI reduced GDP estimate for the financial year 2024-25

 

Among the big decisions announced by the RBI, the announcement of reducing the estimate of the country's economic growth rate (GDP) is important. The RBI has reduced the GDP estimate for the financial year 2024-25 to 6.6 percent, which was earlier at 7.2 percent. Keep in mind that in the October credit policy, the Reserve Bank has estimated the gross domestic product or GDP of the current financial year at 7.2 percent.

 

How will the GDP be in the remaining quarters of FY 2024-25

If we look at the GDP figures in the remaining quarters of this year, then GDP growth is estimated to be 6.8 percent in the third quarter (October-December) of FY 2024-25. After this, the GDP rate is estimated to be 7.2 percent in the fourth quarter (January-March) of the current financial year.

 

Growth estimate for the first-second quarter of FY 2025-26

 

RBI's growth estimate in the first quarter of FY 2025-26 has come at 6.9 percent and along with this, RBI has given an estimate of GDP growth rate to be 7.3 percent in the second quarter of the next financial year in this credit policy.

 

Reserve Bank kept the repo rate intact at 6.5 percent.

 

RBI Governor Shaktikanta Das gave information about the decisions taken in the three-day meeting of the Monetary Policy Committee (MPC) which started on Wednesday. The MPC has decided to keep the repo rate at the same level i.e. 6.5 percent. Four out of six members of the MPC voted to keep the policy rate stable while two were in favor of changing it.

1 Like 0 Dislike
Previous news Next news
Other news

IND vs NZ 2nd ODI: Virat Kohli targets major records of Sachin Tendulkar and Rahul Dravid, aims to create history in Rajkot.

Indian cricket team's star batsman Virat Kohli is currently in superb form. The second match of t

Sunjay Kapur: Who is the owner of Sunjay Kapur's property worth crores? How much share will Karisma Kapoor's children get?

Bollywood actress Karisma Kapoor's ex-husband and famous industrialist Sunjay Kapur passed away r

Sambhal: The electricity department team reached SP MP Bark's house for inspection, checked the load along with the meter reading

Faults have been found in the electricity meter installed by SP MP Ziaur Rahman Bark and former M

Panchayat Trailer Release: Election battle begins in Phulera, Secretary's teeth will break because of Manju Devi

Amazon Prime Video's superhit web series Panchayat is making a comeback with its fourth season. S

Telangana: Government's decision- Muslim employees will be able to take a leave one hour earlier during Ramzan, BJP opposed

The Telangana government made a big decision given the month of Ramadan. Under this, a special ex

Durgapur: 'Mamata Banerjee should stop justifying rape', BJP strongly attacks TMC over Durgapur case

The Durgapur gang rape case has raised political heat in West Bengal, and the Mamata Banerjee gov

Stranger Things 5 ​​Review: Stranger Things 5 ​​creates a stir on Netflix, the public gives its verdict on X regarding Volume 1

The day has finally arrived for entertainment fans who have been waiting for the past three years

Final Bihar voting update: Total voter turnout 66.91%, 71.6% women and 68.2% men cast their votes

In the 2025 Bihar Assembly elections, voters created history. For the first time since India's in

Vaishno Devi: Mata Vaishno Devi Yatra resumes after 22 days, devotees say, 'I had hoped to see the mother, it will be fulfilled today'

The Mata Vaishno Devi Yatra resumed on Wednesday morning amid chants of "Jai Mata Di." The pilgri

'Sorry, more than my ego...', Sonu Nigam apologizes to the people of Karnataka after the Bengaluru concert controversy.

Sonu Nigam had stated at a Bangalore concert some time ago that some people were forcing him to s

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash