Indian economy resilient amid global uncertainties, says RBI
The Reserve Bank of India (RBI) reported that the Indian economy is resilient despite global uncertainties, driven by strong domestic demand and recovery in manufacturing and services. The RBI's Monetary Policy Committee maintained the key repo rate at 5.25% and slightly raised its growth forecast for FY27 to 6.7%. Inflation is projected to peak at 5.9% in Q3 2026-27, potentially prompting a rate hike.