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.
Bollywood actress Mamta Kulkarni has today resigned from the post of Mahamandaleshwar of Kinnar A
The trailer of Aamir Khan's much-awaited film 'Sitaare Zameen Par' has been released, in which Aa
Art of Living organized a spiritual confluence in Jind's Sector 7-A on Tuesday. During this, reli
Prime Minister Narendra Modi departed for South Africa today. Departing from New Delhi for Johann
Congress MP Shashi Tharoor, who is facing criticism from his own party leaders, has hit back and
Women of Delhi will not have to do much for Rs 2500 every month. Delhi's nominated Chief Minister
Bollywood's King Khan is celebrating his 60th birthday today. To mark the occasion, Shah Rukh Kha
'I am surprised it took so long', Mukesh Khanna apologizes after Sonakshi Sinha's retort.
TV's Shaktimaan i.e. Mukesh Khanna is again seen embroiled in controversies these days. After com
Amid questions being raised on the independence of the judiciary in the case of Delhi High Court
The sixth match of IPL 2025 between Rajasthan Royals and Kolkata Knight Riders on Wednesday becam
