Reserve Bank of India projects 6.6% GDP growth for FY2026-27
Business
India's economy is expected to, with the RBI projecting GDP growth at 6.6% by fiscal 2026-27.
This comes as the central bank keeps an eye on risks like shaky global supply chains, financial market ups and downs, and a possibly weak monsoon that could hit farming and rural spending.
Urban spending remains strong
Despite these bumps, urban spending is holding strong, thanks to steady jobs, the booming services sector, and goods and services tax (GST) tweaks.
The government is also working behind the scenes: boosting energy supplies, helping micro, small, and medium enterprises (MSMEs), and widening its import sources.
For now, the RBI is not changing interest rates (still at 5.25%), aiming to keep growth going while staying cautious about future challenges.