Finance Ministry Projects 7.3% GDP Growth For July-September, Exceeding RBI Forecast
· Business · Indian Express, Times of India
The Ministry of Finance projected a real GDP growth rate of 7.3% for the July-September quarter in its Monthly Economic Review released on Thursday in New Delhi. The projection sits significantly higher than the Reserve Bank of India forecast of 6.4% issued on August 5. The statistics ministry is scheduled to release the official July-September GDP data on November 30. The ministry warning noted that India cannot afford to rest on its post-Covid growth laurels amid global geopolitical and geoeconomic uncertainty. Meanwhile, the RBI Monetary Policy Committee meets next week to announce its interest rate decision on October 7.
Why it matters
A stronger growth trajectory than anticipated by the central bank could influence the RBI's upcoming interest rate decisions and shape macroeconomic policy for Indian consumers and markets.
Read the original report — Indian Express
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