RBI Estimates GDP Growth In Next Fiscal Year At About 6.7%

Reserve Bank of India (RBI) Governor Sanjay Malhotra announced that the country's real GDP growth for the current year is estimated at 6.4 per cent, a softer expansion after a robust 8.2 per cent growth last year. However, he expressed optimism about the economy's prospects, stating that "going forward, economic activity is expected to improve in the coming year." Malhotra highlighted the upbeat agricultural activity, driven by healthy reservoir levels and bright rabi prospects, as well as the expected gradual recovery of manufacturing activity in the second half of the year.