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RBI downgrades GDP: After the MPC meeting, the Reserve Bank of India has projected to remain 6.5 per cent on Wednesday to reduce the economic speed for the financial year 2025-26. This is a shortage of 20 basis points in his estimate of 6.7% in February. Along with this, the central bank has reduced the rape rate by 25 basis points to 6%.
This was his second address after becoming RBI Governor in December 2024. In view of the tension due to the tariff and the status of the global market, the global uncertainty is being kept very closely.
Sharing his new estimates, Governor Malhotra said that the main reason for the decline in GDP rate is policy change and increasing threat in global trade. He said that due to extreme stir in the global market, these uncertainty will remain.
