India’s 7.1% growth story gets an inflation twist
India's economy is projected to grow by 7.1% for 2026-27, up from 6.7%, according to Reserve Bank of India Governor Sanjay Malhotra. However, rising inflation poses risks to this outlook, prompting the RBI to raise the repo rate by 25 basis points to 5.5%. The central bank's decision marks its first rate hike since February 2023.