
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.
A major change has been witnessed in the Asia Cup 2025. ICC Elite Panel Match Referee Andy Pycrof
US President Trump, who imposed tariffs on India for buying oil from Russia, is now getting surro
PM Modi will visit France today will attend the AI summit; Rafale deal may be discussed
Prime Minister Narendra Modi will be on a three-day visit to France from Monday at the invitation
Trouble for the makers of Dhurandhar, Major Mohit Sharma's family approaches Delhi High Court
Directed by Aditya Dhar, Dhurandhar's film is just seven days away from release. The film has bee
After the terrorist attack in Pahalgam on 22 April, India carried out Operation Sindoor and destr
Amid the debate over longer working hours, Economic Advisory Council to the Prime Minister (EAC-P
The news of the affair between Indian cricket star Hardik Pandya and British singer Jasmine Walia
Very sad news is coming from the film industry right now. Renowned actor Pankaj Dheer has passed
Delhi Police has issued new instructions regarding loudspeakers. Now loudspeakers will not be pla
The central government has increased the security of External Affairs Minister S Jaishankar. ANI